Third Avenue Management Expands Real Estate Platform - Seite 2
About Quentin Velleley, CFA
Mr. Velleley has been Executive Vice President and Chief Investment Officer at Real Estate Management Group with broad experience in both US and International real estate securities. Prior to REMS, he was a director in Citi Global Markets New York office where his responsibilities included covering US retail and healthcare REITs, and coordinating product for Citi’s global real estate research. Previously at Citi he was the Head of Australian Property Research and prior to that was a Manager in Real Estate Corporate Finance for a top four accounting firm. Mr. Velleley is a CFA Charterholder and graduated from the University of Melbourne with a Bachelor of Arts, and from RMIT University, with a Bachelor of Business Property.
About Third Avenue Management
Third Avenue Management LLC is a New York-based investment advisory firm founded in 1986 by legendary investor Martin J. Whitman. For more than 25 years, the Firm has consistently pursued a bottom-up, fundamental-value approach to investing by focusing on the company’s balance sheet, the value of its underlying assets, the discounted price of its securities, and the ability of the enterprise to increase its corporate net worth over time. Today, the Firm is partnered with Affiliated Managers Group, Inc. (NYSE:AMG) and has more than $1.30 billion in assets under management across its three core strategies — Real Estate (NYSE: TAREX, TVRVX, TARZX), Global Value (NYSE: TAVFX, TVFVX, TAVZX), and Small-Cap (NYSE: TASCX, TVSVX, TASZX) – which are available to investors through ’40 Act mutual funds, UCITS, and customized accounts.
Third Avenue Funds are offered only by prospectus. The prospectus contains important information, including investment objectives, risks, advisory fees and expenses. Please read the Prospectus carefully before investing or sending money. For a current Prospectus please visit our Fund Literature page on our website at www.thirdave.com/fund-literature/, or call 800-443-1021.
REMS International Real Estate Value-Opportunity Fund. Investors should consider the Fund’s investment objectives, potential risks, management fees and charges and expenses carefully before investing. This and other information is contained in the Fund’s prospectus and summary prospectus, which may be obtained online at remsgroupfunds.com or by calling 1-800-673-0550. Please read the prospectus carefully before investing. Distributed by First Dominion Capital Corp. Member FINRA/SIPC.
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.
Distributor of Third Avenue Funds: Foreside Fund Services, LLC.
Distributor of REMS International Real Estate Value-Opportunity Fund: First Dominion Capital Corp.