November 28, 2021

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3rd Avenue Management Expands Serious Estate System

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NEW YORK–(Organization WIRE)–3rd Avenue Administration LLC (“Third Avenue” or “the Firm”), a U.S.-dependent investment decision advisor, introduced nowadays that it has entered into an agreement with True Estate Management Products and services Team, LLC (“REMS”) to incorporate the REMS Intercontinental Authentic Estate Worth-Prospect Fund (NASDAQ:REIFX) (“REIFX”) to the 3rd Avenue Fund lineup. Upon completion, REIFX will be renamed the Third Avenue Global Actual Estate Benefit Fund and accompany the Firm’s recent Serious Estate techniques, together with the 3rd Avenue Serious Estate Price Fund (NASDAQ:TAREX) and the GemCap 3rd Avenue Actual Estate Price Fund UCITS.

As section of the transition, Quentin Velleley, now Chief Financial investment Officer and Senior Portfolio Supervisor at REMS will be part of Third Avenue as Portfolio Manager, Worldwide Real Estate. To be primarily based in the Firm’s Austin, TX office, Mr. Velleley will deal with REIFX, even though also collaborating with Jason Wolf and Ryan Dobratz, Co-Guide Portfolio Administrators of the 3rd Avenue Actual Estate Price Fund, in trying to find out very long-expression, price-oriented chances in the securities of world authentic estate enterprises.

Mr. Dobratz and Mr. Wolf, users of Third Avenue’s Management Committee, claimed, “We have identified Quentin for much more than a 10 years, and it is apparent that he is a incredibly gifted investor who shares our risk-averse and lengthy-phrase worth-attitude. At Third Avenue, we be expecting him to further construct upon his achievements. We also count on to comprehend crucial rewards for REIFX shareholders, as properly as 3rd Avenue Genuine Estate Value Fund traders, with an expanded established of means dedicated to the significant possibilities in the securities of genuine estate and genuine asset organizations internationally.”

Quentin Velleley claimed, “I am happy, and really enthusiastic, to be part of the Third Avenue group. The firm is a pioneer in modern day-price investing and I have extended admired its tactic, created by the famous Marty Whitman. The real estate group, underneath Jason and Ryan’s management, has cemented the Firm’s reputation as a considered leader in the business and a person of the leading worth-investors in actual estate securities. I seem ahead to operating along with them to deliver success for our clients in excess of the extensive-time period. I would also like to thank REMS for backing the start of REIFX, as properly as furnishing the help in turning this technique into just one of the major global real estate money because its inception almost seven decades in the past.”

About Quentin Velleley, CFA

Mr. Velleley has been Govt Vice President and Chief Financial commitment Officer at Authentic Estate Management Group with broad encounter in equally US and Global genuine estate securities. Prior to REMS, he was a director in Citi Worldwide Marketplaces New York business where by his duties bundled covering US retail and healthcare REITs, and coordinating solution for Citi’s world wide authentic estate investigate. Previously at Citi he was the Head of Australian Residence Exploration and prior to that was a Supervisor in Serious Estate Corporate Finance for a prime 4 accounting organization. Mr. Velleley is a CFA Charterholder and graduated from the University of Melbourne with a Bachelor of Arts, and from RMIT College, with a Bachelor of Small business Assets.

About 3rd Avenue Administration

Third Avenue Administration LLC is a New York-centered investment decision advisory firm established in 1986 by legendary trader Martin J. Whitman. For far more than 25 a long time, the Firm has regularly pursued a base-up, basic-benefit strategy to investing by focusing on the company’s stability sheet, the value of its fundamental assets, the discounted cost of its securities, and the capability of the organization to improve its corporate internet really worth over time. Today, the Firm is partnered with Affiliated Managers Team, Inc. (NYSE:AMG) and has a lot more than $1.30 billion in belongings beneath management across its a few core methods — Serious Estate (NYSE: TAREX, TVRVX, TARZX), World Worth (NYSE: TAVFX, TVFVX, TAVZX), and Small-Cap (NYSE: TASCX, TVSVX, TASZX) – which are offered to buyers as a result of ’40 Act mutual resources, UCITS, and personalized accounts.

Third Avenue Funds are made available only by prospectus. The prospectus consists of vital info, which include expenditure objectives, threats, advisory charges and bills. Make sure you examine the Prospectus very carefully prior to investing or sending funds. For a recent Prospectus remember to pay a visit to our Fund Literature page on our web site at www.thirdave.com/fund-literature/, or phone 800-443-1021.

REMS Global Serious Estate Price-Possibility Fund. Investors must take into consideration the Fund’s expense goals, probable challenges, management service fees and rates and charges very carefully prior to investing. This and other details is contained in the Fund’s prospectus and summary prospectus, which could be attained on the internet at remsgroupfunds.com or by calling 1-800-673-0550. Remember to study the prospectus thoroughly prior to investing. Distributed by Very first Dominion Money Corp. Member FINRA/SIPC.

FUND Pitfalls: In addition to standard industry disorders, the value of the Fund will be affected by the strength of the true estate marketplaces. Aspects that could have an affect on the value of the Fund’s holdings involve the pursuing: overbuilding and increased competitors, improves in property taxes and running expenditures, declines in the worth of authentic estate, lack of availability of fairness and personal debt financing to refinance maturing credit card debt, vacancies because of to financial situations and tenant bankruptcies, losses due to charges ensuing from environmental contamination and its relevant clean-up, changes in fascination fees, modifications in zoning laws, casualty or condemnation losses, variants in rental money, adjustments in neighborhood values, and practical obsolescence and charm of homes to tenants. For a comprehensive disclosure of principal expense pitfalls, remember to refer to the Fund’s Prospectus.

Distributor of Third Avenue Money: Foreside Fund Products and services, LLC.

Distributor of REMS Intercontinental Serious Estate Benefit-Prospect Fund: To start with Dominion Cash Corp.

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