Third Avenue Real Estate Value’s practiced comanagers lead this strategy through a contrarian approach to build a concentrated portfolio that is differentiated from its peers.
Third Avenue Real Estate Value Fund Institutional Class TAREX
- NAV / 1-Day Return 23.43 / +0.86 %
- Total Assets 303.6M
-
Adj. Expense Ratio
1.170%
- Expense Ratio 1.160%
- Distribution Fee Level High
- Share Class Type Institutional
- Category Global Real Estate
- Investment Style Mid Value
- Min. Initial Investment 10,000
- Status Open
- TTM Yield 1.23%
- Turnover 16%
USD | NAV as of Jun 13, 2026 | 1-Day Return as of Jun 13, 2026, 12:46 AM GMT+0
Morningstar’s Analysis TAREX
Will TAREX outperform in the future?
Get our overall rating based on a fundamental assessment of the pillars below.
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.
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 48.2
|
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
|---|---|---|---|
Brookfield Corp Registered Shs -A- Limited Vtg | 6.25 | 18M | Financial Services |
CBRE Group Inc Class A | 5.96 | 17M | Real Estate |
Federal Home Loan Mortgage Corp 8 3/8 % Fxd-to-Fltng Non-Cum Perp Pfd Shs | 5.43 | 16M | Financial Services |
Federal National Mortgage Association Fannie Mae Fixed/Floating Rate Non Cu | 5.39 | 16M | Financial Services |
Prologis Inc | 5.34 | 15M | Real Estate |
Five Point Holdings LLC Class A | 4.52 | 13M | Real Estate |
U-Haul Holding Co Ordinary Shares - Series N | 4.10 | 12M | Industrials |
Lennar Corp Class B | 3.87 | 11M | Consumer Cyclical |
Sun Communities Inc | 3.72 | 11M | Real Estate |
PulteGroup Inc | 3.61 | 10M | Consumer Cyclical |
United States