Third Avenue
Third Avenue Management Real Estate Value Fund
Real Estate
Dec 2025 → Dec 2025
Our archive holds 1 letter from this strategy, behind 2 investment theses and positions in 2 companies. Every quote below is copied verbatim from the letter it came from.
1 letter in a year — follow all of Third Avenue for every strategy.
Its investment theses
- FirstService CorporationDec 2025FirstService Corporation is a conservatively financed, aligned real estate services platform trading at attractive multiples with resilient revenues and multiple growth and resource conversion levers.
- RayonierDec 2025Rayonier is a major U.S. timberland owner executing divestitures, a special dividend, and a merger with PotlatchDeltic to drive efficiencies and scale across timber and resource assets.