Third Avenue Management Real Estate Value Fund’s Q1 2022 Investor Letter

Third Avenue Management, an investment management firm, published its “Real Estate Value Fund” first quarter 2022 investor letter – a copy of which can be downloaded here. For the first quarter of the calendar year, the Fund generated a return of -7.40% (after fees) versus -3.79% (before fees) for the Fund’s most relevant benchmark, the FTSE EPRA NAREIT Developed Index. Try to spend some time taking a look at the fund’s top 5 holdings to be informed about their best picks for 2022.