Third Ave
0 contacts
Third Avenue Management is a value-oriented asset manager in New York that runs a public-market real estate strategy through registered funds. Martin J. Whitman founded it in 1986, and it follows a value- and asset-based investing approach. Its Third Avenue Real Estate Value Fund (TAREX) has been in place since 1998 and invests in securities of real estate and real-estate-related companies, mainly U.S. REITs and similar public real-estate securities. Firmwide discretionary assets are in the neighborhood of $1.6 billion, and the Real Estate Value Fund holds approximately $302.5 million. The real estate activity runs through public equity and registered-fund structures, not private JV equity or direct lending. Market participants wanting a public-market REIT/value specialist with a long-running, asset-based real estate strategy and experience comparing public REIT valuations to private-market values may find it useful.
| Investor | Type | Based in | Focus | AUM | Contacts |
|---|---|---|---|---|---|
| SEI Investments | Fund of Funds | Oaks | Multifamily · Industrial | $1.5T | 4 |
| Blackstone Group - Fund of Funds and Secondary | Fund of Funds | New York | Multifamily · Industrial · Core | $1.1T | 16 |
| New York Life Investment Management | Asset Manager | New York | Multifamily · Industrial · Co-investment | $740B | 5 |
| Brookfield Asset Management | Asset Manager | Toronto, Canada | Multifamily · Industrial · Opportunistic · Joint venture | $690B | 12 |
| KKR | Asset Manager | New York | Multifamily · Industrial · Core · Co-investment | $553B | 11 |
| Ares Management | Asset Manager | Los Angeles | Multifamily · Industrial · Core | $546B | 16 |
Filter the full list by property type, strategy, market and deal format.
