Third Avenue Careers
Explore Careers at Third Avenue
A career with Third Avenue Management provides the opportunity to work with a leading value-oriented investment adviser. Based in New York, the Firm was founded in 1986 by legendary investor Martin J. Whitman. For nearly three decades, Third Avenue has consistently pursued a bottom-up, fundamental-value approach to investing by focusing on the company’s balance sheet, the value of its underlying assets, the discounted price of its securities, and the ability of the enterprise to increase its corporate net worth over time. Today, the Firm is majority owned by Affiliated Managers Group, Inc. (NYSE:AMG) and has more than $1.25 billion in assets under management across its three core strategies — Value (NYSE: TAVFX, TVFVX, TAVZX), Small-Cap (NYSE: TASCX, TVSVX, TASZX) and Real Estate (NYSE: TAREX, TVRVX, TARZX) – which are available to investors through ’40 Act mutual funds, UCITS, and customized accounts.
REAL ESTATE SECURITIES ANALYST
Third Avenue Management LLC, a New York City-based investment adviser focused on value investing, is seeking a Real Estate Securities Analyst to join its Real Estate team in the Austin, TX office.
The Third Avenue Real Estate team adheres to a value-oriented, opportunistic approach to investing in the publicly traded securities of real estate and real estate-related companies globally. The team currently manages more than $750 million in dedicated real estate strategies, including the Third Avenue Real Estate Value Fund, which has more than a two decade track record making it one of the leading investors in publicly traded real estate securities globally.
In this role, the Real Estate Securities Analyst would primarily conduct industry research, perform bottom-up fundamental analysis in monitoring existing positions, and undertake deep-dive research in undervalued global real estate securities for the Third Avenue Funds. The findings from this work would be presented to the Real Estate group, as well as the broader Third Avenue investment team, through both verbal and written communication on a regular basis.
The ideal candidate for the position would have:
- professional experience with analyzing and recommending investments in real estate securities or direct real estate
- understanding of financial statements with the intentions of pursuing a CFA charter if not already held,
- passion for value investing and real estate as illustrated through past work experience and/or education,
- demonstrated academic success with a bachelor’s degree
- desire to grow professionally by learning from and supporting a highly experienced team
- ability to thrive in a collaborative, team-oriented culture, and
- willingness to take on occasional travel for property visits and other due diligence efforts.
Interested candidates should send the following materials to email@example.com for consideration:
high-level summary of an investment opportunity in a publicly traded company, whether it be common stock, preferred equity, or debt. The investment summary should be no more than one page–demonstrating the candidate’s ability to communicate concisely–and ideally reinforce the candidate’s grasp of real estate fundamentals and/or value investing principles.
All applications will be kept confidential and will only receive full consideration if the requested material is provided.
Third Avenue Funds are distributed by Foreside Fund Services, LLC. Investors should consider the investment objectives, risks, charges and expenses carefully before investing. Third Avenue Funds are offered by prospectus only. The prospectuses and summary prospectuses are available on this website or by calling (212) 906-1160. Read the prospectus or summary prospectus carefully before investing.