Third Avenue Management Real Estate Value Fund’s Q2 2021 Investor Letter

Third Avenue Management, an investment management firm, published its “Real Estate Value Fund” second quarter 2021 investor letter – a copy of which can be downloaded here. A portfolio return of +17.71% was recorded by the fund for the second half of 2021, below the FTSE EPRA NAREIT Developed Index that delivered a 16.11% gains for the same period. You can view the fund’s top 5 holdings to have an idea about their top bets for 2021.