Third Avenue Real Estate Value benefits from two veteran portfolio managers and a highly differentiated investment process. Questions about parent company Third Avenue linger, but strength behind the fund’s team and process result in a Morningstar Analyst Rating of Bronze for all of the strategy’s share classes.
Will TAREX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
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.
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.
The Parent Pillar is our rating of TAREX’s parent organization’s priorities and whether they’re in line with investors’ interests.