Third Avenue Management Real Estate Value Fund’s Q2 2024 Investor Letter

Third Avenue Management, an investment management company based in New York City, released its “Third Avenue Real Estate Value Fund” second quarter 2024 investor letter. In the calendar year’s first half, the fund returned -1.66% (after fees) versus -3.17% (before fees) for the Fund’s most relevant benchmark, the FTSE EPRA NAREIT Developed Index. The Fund reported an annualized return of +8.40% (after fees) since its inception more than twenty-five years ago. For more information on the fund’s top picks in 2024, please check its top five holdings.

A copy of Third Avenue Management Real Estate Value Fund’s Q2 2024 investor letter can be downloaded here.