Third Avenue International Real Estate Value Fund Institutional Class
REIFX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 8730 Stony Point Parkway Richmond VA United States of America 23235
- IPO Date
- Mar 19, 2014
- CIK
- 0001396092
- Website
- thirdave.com
- Similar Companies
- Business
- Third Avenue International Real Estate Value Fund Institutional Class (REIFX) is a mutual fund that seeks long-term capital growth and current income through investments in equity securities of publicly traded real estate companies located outside the United States; these include real estate investment trusts (REITs), real estate operating companies, and other entities with primarily real estate asset bases. Under normal conditions, the fund allocates at least 80% of its net assets, plus any borrowings for investment purposes, to such securities, employing a concentrated, actively managed strategy with a high active share of 94% versus the MSCI World Index and emphasizing companies exhibiting strong environmental, social, and governance (ESG) principles. The fund targets undervalued international real estate opportunities across sectors such as self-storage, residential development, industrial logistics, and office properties, with top holdings including CTP NV, Corp. Inmobiliaria Vesta SAB de CV, Glenveagh Properties Plc, National Storage REIT, and Big Yellow Group PLC; geographic exposure spans Europe (e.g., UK, Netherlands), Asia-Pacific (e.g., Japan, Hong Kong), and Latin America. REIFX operates within the global real estate category, serving institutional and individual investors seeking exposure to non-U.S. real estate markets through mutual fund share classes including Institutional (REIFX), Investor (REIYX), and Z Class (REIZX). The fund is managed by Quentin Velleley, CFA, who has led it since its inception on March 19, 2014, as part of the offerings from Third Avenue Management LLC, a value-oriented investment adviser founded in 1986 and headquartered in New York City. Third Avenue Management, a subsidiary of Affiliated Managers Group, Inc., provides the fund through distribution by Foreside Fund Services, LLC, with assets under management across its strategies exceeding $1.4 billion. In recent developments, Third Avenue Management launched a Global Value UCITS fund in May 2025 for non-U.S. investors, partnering with Capital Strategies Partners, an independent marketer in Madrid, to expand distribution in Europe, Asia, and other regions while focusing on core equity management. The firm also issued its Q3 2025 shareholder letter for REIFX, highlighting a quarterly return of +3.96% (after fees) and portfolio adjustments amid bifurcating real estate markets, including selective increases in UK student housing exposure via Unite Group plc. These updates reflect ongoing strategic enhancements in product offerings and portfolio positioning without major acquisitions, funding rounds, or reorganizations specific to REIFX in the last 1-2 years.