Morningstar

Third Avenue Real Estate Value Fund Institutional Class TAREX

Medalist Rating as of Nov 4, 2026 See Third Avenue Investment Hub

Will TAREX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

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Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable TAREX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the TAREX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of TAREX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A contrarian approach to global real estate.

Associate Analyst Mary Marshall

Mary Marshall

Associate Analyst

Summary

Third Avenue Real Estate Value differentiates itself from global real estate Morningstar Category peers through its contrarian approach and focused portfolio.

by Mary Marshall

Rated on Nov 4, 2026 Published on Nov 4, 2026

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