Third Avenue Real Estate Value Fund Institutional Class (TAREX) Fund Overview
Educational signal · not a buy or sell recommendation · How to read this
Beta 1.35: the stock has moved about 35% more than the S&P 500.
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Mar 16, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Quick AnswerThird Avenue Real Estate Value Fund Institutional Class (TAREX) trades at $21.44. Third Avenue Real Estate Value Fund Institutional Class (TAREX) seeks long-term capital appreciation by investing in real estate and real estate-related companies. Sector: Real estate.
Price as of · Last analyzed: Mar 16, 2026Analyst Coverage for TAREX: TAREX does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage.
Third Avenue Real Estate Value Fund Institutional Class (TAREX) Real Estate Portfolio & Strategy
Third Avenue Real Estate Value Fund Institutional Class (TAREX) is a real estate fund focused on long-term capital appreciation through investments in well-financed real estate companies. With a market cap of $0.37 billion and a beta of 1.35, the fund operates within the broader real estate sector, targeting equity and convertible securities.
What Is the Investment Thesis for TAREX?
TAREX presents a focused investment in the real estate sector, targeting long-term capital appreciation through strategic investments in real estate companies. With a market capitalization of $0.37 billion and a beta of 1.35, the fund offers exposure to the real estate market with a degree of volatility. The fund's success hinges on its ability to identify and capitalize on undervalued real estate assets and companies. Growth catalysts include favorable macroeconomic conditions driving real estate demand and the fund's ability to navigate market cycles effectively. However, potential risks include interest rate hikes, economic downturns impacting real estate values, and increased competition within the real estate investment landscape. The fund's performance will be closely tied to the overall health and stability of the real estate market.
Based on FMP financials and quantitative analysis
TAREX Key Highlights
Market Cap: $0.37B, indicating the fund's size and relative market influence within the real estate sector.
- Beta: 1.35, suggesting the fund is more volatile than the overall market, which may appeal to investors seeking higher potential returns but also implies higher risk.
- Investment Focus: At least 80% of net assets are invested in real estate and real estate-related companies, demonstrating a strong commitment to the sector.
- Objective: The fund seeks long-term capital appreciation, aligning with investors looking for growth over an extended period.
- Dividend Yield: None, indicating that the fund does not distribute regular income, which may be less attractive to income-seeking investors but aligns with a growth-oriented strategy.
Who Are TAREX's Competitors?
TAREX is benchmarked below against 5 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| BRIIX Baron Real Estate Income Fund Institutional Shares | $17.83 | +0.96% | $272M | — |
| FREEX Franklin Real Estate Securituies Fund Cl A | $16.86 | +1.02% | $396M | — |
| JACRX Easterly Global Real Estate Fund Class C | $13.79 | +0.73% | $164M | — |
| JARIX Easterly Global Real Estate Fund Class I | $14.72 | +0.68% | $164M | — |
| BEEP Mobile Infrastructure Corporation | $2.79 | -2.11% | $117M | — |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are TAREX's Key Strengths?
Experienced management team with expertise in real estate investing.
- Diversified portfolio of real estate-related securities.
- Focus on long-term capital appreciation.
- Established track record of delivering competitive returns.
What Are TAREX's Weaknesses?
High beta of 1.35 indicates higher volatility compared to the overall market.
- Lack of dividend yield may be unattractive to income-seeking investors.
- Performance is highly dependent on the cyclical nature of the real estate market.
- Concentrated investment in the real estate sector.
What Are the Key Risks for TAREX?
Rising interest rates could negatively impact real estate values and increase borrowing costs for real estate companies.
- Economic downturns could reduce demand for real estate and lead to lower property values.
- Increased competition from other real estate funds could put pressure on returns.
- Changes in government regulations could impact the real estate sector and create uncertainty for investors.
- Market volatility can impact the fund's net asset value and returns.
What Are TAREX's Competitive Advantages?
- Expertise in Real Estate Investing: The fund's management team possesses deep knowledge and experience in the real estate sector, enabling them to identify and capitalize on attractive investment opportunities.
- Diversified Portfolio: The fund invests in a wide range of real estate companies and assets, reducing risk and enhancing returns.
- Long-Term Investment Horizon: The fund's focus on long-term capital appreciation allows it to weather short-term market fluctuations and generate sustainable returns over time.
- Established Track Record: The fund has a history of delivering competitive returns to investors, demonstrating its ability to navigate the complexities of the real estate market.
What Does TAREX Do?
Third Avenue Real Estate Value Fund Institutional Class (TAREX) is an investment vehicle focused on achieving long-term capital appreciation. The fund's strategy revolves around investing in the equity securities of well-financed real estate and real estate-related companies. This includes common stocks and convertible securities. The fund may also invest in companies that own significant real estate assets or derive a substantial portion of their revenue or profits from real estate-related activities. The fund operates under the mandate that, under normal circumstances, at least 80% of its net assets (plus any borrowing for investment purposes) will be allocated to securities of real estate and real estate-related companies. This concentration reflects the fund's commitment to the real estate sector and its belief in the long-term value it can provide to investors. TAREX is managed with the goal of identifying and capitalizing on opportunities within the real estate market, leveraging the expertise of its investment team to navigate the complexities of the industry and deliver sustainable returns. TAREX does not pay a dividend. The fund is based in New York.
What Products and Services Does TAREX Offer?
- Invests in equity securities of real estate companies.
- Focuses on well-financed real estate and real estate-related companies.
- Invests in companies owning significant real estate assets.
- Targets companies deriving revenue from real estate-related activities.
- Allocates at least 80% of net assets to real estate securities.
- Seeks long-term capital appreciation for investors.
How Does TAREX Make Money?
- Generates returns through capital appreciation of real estate investments.
- Invests in a diversified portfolio of real estate-related securities.
- Actively manages its portfolio to identify undervalued assets.
- Leverages expertise in the real estate sector to make informed investment decisions.
What Industry Does TAREX Operate In?
TAREX operates within the real estate sector, which is influenced by macroeconomic factors such as interest rates, economic growth, and demographic trends. The competitive landscape includes other real estate funds like BRIIX, FREEX, JACRX, JAREX, and JARIX, each with its own investment strategy and risk profile. The real estate market is subject to cyclical fluctuations, with periods of expansion and contraction impacting property values and investment returns. TAREX's success depends on its ability to navigate these cycles and identify attractive investment opportunities within the sector.
Who Are TAREX's Key Customers?
- Institutional investors seeking exposure to the real estate market.
- Investors looking for long-term capital appreciation.
- Investors who want a diversified real estate portfolio through a single investment vehicle.
Research confidence
Thin evidence — scoring coverage unknown. Treat this as a starting point, not a conclusion.
- ● Scoring coverage unknown
- ● Price is current
- ● No filing on record
- ● No analyst coverage
- ● This is a fund, not an operating company
MoonshotScore History
Recorded daily since 2026-08-23 · 43 snapshots
| 2026-08-23 | 46 |
| 2026-08-31 | 46 |
| 2026-09-08 | 46 |
| 2026-09-16 | 46 |
| 2026-09-24 | 46 |
| 2026-10-04 | 46 |
| 2026-10-06 | 46 |
What changed?
The score has stayed at 46.
Over the same 30 days the stock moved -8.8%.
TAREX Financials
Bull Case vs Bear Case
Bull Case
- Experienced management team with expertise in real estate investing.
- Diversified portfolio of real estate-related securities.
- Focus on long-term capital appreciation.
- Established track record of delivering competitive returns.
Bear Case
- High beta of 1.35 indicates higher volatility compared to the overall market.
- Lack of dividend yield may be unattractive to income-seeking investors.
- Performance is highly dependent on the cyclical nature of the real estate market.
- Concentrated investment in the real estate sector.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
TAREX Latest News
No recent news available for TAREX.
TAREX Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for TAREX.
Price Targets
Wall Street price target analysis for TAREX.
TAREX MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for TAREX; grades run from A+ (80-100) to F (below 30).
Common Questions About TAREX (Real Estate)
How does Third Avenue Real Estate Value Fund Institutional Class compare to competitors in its industry?
TAREX competes with other real estate funds such as BRIIX, FREEX, JACRX, JAREX, and JARIX. Each fund has its own investment strategy, risk profile, and expense ratio.
What are the key financial metrics investors watch for TAREX?
Investors typically monitor several key financial metrics for TAREX. The fund's net asset value (NAV) per share reflects the value of its underlying assets. The expense ratio indicates the annual cost of managing the fund.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
MoonshotScore is not published for this security.
Data provided for informational purposes only.
- The real estate market is subject to cyclical fluctuations, and past performance is not indicative of future results.
- Investment in real estate involves risks such as changes in interest rates, economic conditions, and government regulations.