Third Avenue Real Estate Value Fund’s Q2 2023 Investor Letter

Third Avenue Management, an investment management company based in New York City, released its “Real Estate Value Fund” second quarter 2023 investor letter. A copy of the same can be downloaded here. In the first half of 2023, the fund returned +8.13% (after fees) versus +1.57% (before fees) for the Fund’s most relevant benchmark, the FTSE EPRA NAREIT Developed Index. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.