The Awards Recognize the Fund for Consistently Strong Risk-Adjusted Performance Relative to its Peers in the U.K., France, Switzerland, and Europe Region
The 2025 Distinction Marks the Team’s Seventh Time Receiving a Lipper Award in the Category
Third Avenue Management LLC (“Third Avenue” or “the Firm”) announced today that the Third Avenue Real Estate Value UCITS Fund (“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 2025 LSEG Lipper Funds Awards in Europe, Switzerland, France, and the U.K.
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 2025 Awards were presented for the Fund’s performance over the three-year and five-year period ended December 31, 2024² and mark the seventh time the Third Avenue Real Estate team has been recognized by LSEG Lipper in the Best Global Real Estate Fund category.³
“We are honored to receive recognition from LSEG Lipper for delivering sector-leading results to the investors in the Third Avenue Real Estate Value UCITS Fund,” said Ryan Dobratz, Co-Portfolio Manager of the Fund. “Receiving a Lipper Award for the seventh time is also a testament to the durability of Third Avenue’s Real Estate strategy and the robust process we have developed over two decades.”
Third Avenue’s Real Estate Value strategy has pursued value-oriented opportunities in listed real estate for more than 25 years. During that span, the strategy has focused on not only real estate investment trusts (“REITs”), but also real estate operating companies (“REOCs”) involved with commercial, residential, and real estate services globally.
“The Fund’s long-term results reflect 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, “There is no way to have foreseen the range of fundamental and non-financial factors that impacted the markets these past few years. We applaud the 2025 LSEG Lipper Fund Award winners such as Third Avenue Management for delivering outperformance and the accompanying comfort of consistency to investors’ portfolios through a cross-current of global market disruptions.”
The LSEG Lipper Fund Awards were presented for the Europe Region on February 2, 2025, for Switzerland on March 27, 2025, for France on April 17, 2025, and for the U.K. on April 24, 2025.
Fund Awards:
- LSEG Lipper Fund Awards Europe 2025 Winner, Third Avenue Real Estate Value Fund, Best Global Real Estate Fund Over Three Years.
- LSEG Lipper Fund Awards Europe 2025 Winner, Third Avenue Real Estate Value Fund, Best Global Real Estate Fund Over Five Years.
- LSEG Lipper Fund Awards Switzerland 2025 Winner, Third Avenue Real Estate Value Fund, Best Global Real Estate Fund Over Three Years.
- LSEG Lipper Fund Awards Switzerland 2025 Winner, Third Avenue Real Estate Value Fund, Best Global Real Estate Fund Over Five Years.
- LSEG Lipper Fund Awards France 2025 Winner, Third Avenue Real Estate Value Fund, Best Global Real Estate Fund Over Three Years.
- LSEG Lipper Fund Awards France 2025 Winner, Third Avenue Real Estate Value Fund, Best Global Real Estate Fund Over Five Years.
- LSEG Lipper Fund Awards United Kingdom 2025 Winner, Third Avenue Real Estate Value Fund, Best Global Real Estate Fund Over Three Years.
- LSEG Lipper Fund Awards United Kingdom 2025 Winner, Third Avenue Real Estate Value Fund, Best Global Real Estate Fund Over Five Years.
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