Third Avenue, Trinity Place:
In a recent filing, Third Avenue Management, managed by Martin Whitman
, disclosed initiating a significant position in Trinity Place Holdings Inc (OTCMKTS:TPHS
), through acquiring 3.37 million shares of the company. The shares were acquired for almost $13.48 million, while the stake represents 16.85% of its shares. In the latest 13F Third Avenue reported no shares of Trinity Place Holdings. Through the acquisition of a major stake, Third Avenue will be able to appoint someone to the Board of Trinity.