Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Third Avenue Buys 16.85% of Trinity Place Holdings

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.

Trinity Place Holdings

Disclosure: none