New York, NY – March 12, 2026 – Third Avenue Management LLC (“Third Avenue”) announced today that the Third Avenue Real Estate Value Fund (“the Real Estate Value Fund” or “the Fund”)¹ was named the Best Global Real Estate Fund Over Three Years and the Best Global Real Estate Fund Over Five Years at the 2026 LSEG Lipper Funds Awards in the United States.
The Lipper Fund Awards have been synonymous with strong risk-adjusted performance for more than three decades and focus the investment world on top-performing funds. The 2026 Awards were presented for the Real Estate Value Fund’s performance over the three-year and five-year period ended December 31, 2025² and mark the eighth time the Third Avenue Real Estate team has been recognized by LSEG Lipper in the Best Global Real Estate Fund category³.
"We are pleased that LSEG Lipper has recognized the Third Avenue Real Estate Value Fund for delivering sector-leading results for investors," said Ryan Dobratz, Co-Portfolio Manager of the Fund. “Receiving our eighth Lipper Award is a testament to the durability of Third Avenue’s distinct real estate strategy and the robust process we have developed over two decades.”
The Real Estate Value Fund, a United States-based mutual fund, has sought out value-oriented opportunities in listed real estate for more than 25 years. During that span, the Fund has also offered exposure to not only real estate investment trusts (“REITs”), but real estate operating companies (“REOCs”) involved with commercial, residential, and real estate services globally.
“The Fund’s long-term performance reflects Third Avenue’s unique approach to listed real estate,” added Jason Wolf, Co-Portfolio Manager of the Fund. “As we’ve done since 1998, we will continue to identify and invest in well-capitalized and well-managed enterprises that trade at a discount to our estimate of net-asset value—irrespective of whether they are included in a benchmark. We believe such a combination is the key to generating superior long-term results.”
Otto Christian Kober, Head of Lipper Research, LSEG Data & Analytics noted, “We applaud the 2026 LSEG Lipper Fund Award winners for delivering outperformance and the steady reassurance of consistency through changing market conditions.”
The LSEG Lipper Fund Awards were presented to the United States winners in New York City on March 11, 2026.
Fund Awards:
About LSEG Lipper Fund Awards
For more than 30 years and in over 17 countries worldwide, the highly-respected LSEG Lipper Awards have honored funds and fund management firms that have excelled in providing consistently strong risk-adjusted performance relative to their peers and focus the investment world on top-funds. The merit of the winners is based on entirely objective, quantitative criteria. This coupled with the unmatched depth of fund data, results in a unique level of prestige and ensures the award has lasting value. Renowned fund data and proprietary methodology is the foundation of this prestigious award qualification, recognizing excellence in fund management.
Find out more at www.lipperfundawards.com.
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