Third Avenue Real Estate Value Fund Named Best Global Real Estate Fund by LSEG Lipper

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NEW YORK--(BUSINESS WIRE)--Mar 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, 2025 2 and mark the eighth time the Third Avenue Real Estate team has been recognized by LSEG Lipper in the Best Global Real Estate Fund category 3.

"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:

• LSEG Lipper Fund Awards United States 2026 Winner, Third Avenue Real Estate Value Fund; Z, Best Global Real Estate Fund Over Three Years.
• LSEG Lipper Fund Awards United States 2026 Winner, Third Avenue Real Estate Value Fund; Z, Best Global Real Estate Fund Over Five Years.

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.

About Third Avenue Management

Third Avenue Management is a United States-based investment adviser that has specialized in value-oriented investment strategies for four decades. The Firm manages more than $1.8 billion of assets across five core strategies (Global Value, Small-Cap Value, Real Estate Value, International Real Estate, and International Value), which are available to investors through Mutual Funds, Managed Accounts, and UCITS Funds. The Firm is headquartered in New York, NY and has been an AMG affiliate since 2002.

Website: www.thirdave.com

Endnotes

1 - Refers to the Third Avenue Real Estate Value Fund; Z Share Class ( ISIN: US8841168318 ).

2 - The LSEG Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The LSEG Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the LSEG Lipper Fund Award. The 2026 LSEG Lipper Fund Awards for the Best Global Real Estate Fund Over Three Years and Best Global Real Estate Fund Over Five Years were upon based on a review of 105 qualified shares classes that were eligible in the United States. For more information, see lipperfundawards.com. Although LSEG makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, their accuracy is not guaranteed by LSEG Lipper.

3 - For past LSEG Lipper Fund Awards results, please visit: www.lipperfundawards.com. The Third Avenue Real Estate Team was recognized by Lipper for the Mutual Fund and UCITS products.

Tickers: NASDAQ:TARZX ; NASDAQ:TAREX ; NASDAQ:TVRVX .

The fund's investment objectives, risks, charges, and expenses must be considered carefully beforeinvesting. The prospectus contains this and other important information about the investmentcompany, and it may be obtained by calling 800-443-1021 or visitingwww.thirdave.com. Read itcarefully before investing. Distributor of Third Avenue Funds: Foreside Fund Services, LLC.

Fund Risks: In addition to general market conditions, the value of the Fund will be affected by the strength of the real estate markets. Factors that could affect the value of the Fund’s holdings include the following: overbuilding and increased competition, increases in property taxes and operating expenses, declines in the value of real estate, lack of availability of equity and debt financing to refinance maturing debt, vacancies due to economic conditions and tenant bankruptcies, losses due to costs resulting from environmental contamination and its related clean-up, changes in interest rates, changes in zoning laws, casualty or condemnation losses, variations in rental income, changes in neighborhood values, and functional obsolescence and appeal of properties to tenants. For a full disclosure of principal investment risks, please refer to the Fund’s Prospectus.

Past performance does not guarantee future results. Mutual fund investing involves risk. Principal loss is possible.

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CONTACT: For Press Related inquires related to Third Avenue Management:

Gagnier Communications

Dan Gagnier, +1 646-569-5897

[email protected]

KEYWORD: NEW YORK UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: ASSET MANAGEMENT PROFESSIONAL SERVICES FINANCE

SOURCE: Third Avenue Management LLC

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PUB: 03/12/2026 08:47 AM/DISC: 03/12/2026 08:47 AM

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