Third Avenue Management, an investment management company based in New York City, released its “Third Avenue Real Estate Value Fund” first quarter 2024 investor letter. In the calendar year's first quarter, the fund returned +2.81% (after fees) versus -1.11% (before fees) for the Fund’s most relevant benchmark, the FTSE EPRA NAREIT Developed Index. The Fund reported an annualized return of +8.68% (after fees) since its inception more than twenty-five years ago. In addition, you can check the top 5 holdings of the fund to know its best picks in 2024.
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