NEW YORK--(BUSINESS WIRE)--Third Avenue Management LLC, a registered investment advisor based in New York, today announced that Steve Bakke has joined the firm as a Senior Research Analyst for the Five-Star1Morningstar-Rated and Lipper Award winning2 Third Avenue Real Estate Value Fund (TAREX/TVRVX). Mr. Bakke brings a decade of real estate investment experience, most recently at Surveyor Capital.
“This addition to our team further strengthens Third Avenue’s real estate investing capabilities. Steve’s experience and commitment to deep-dive investment research on real estate and real estate-related businesses aligns perfectly with our differentiated approach of making deep value investments in real estate securities.” said Ryan Dobratz, Co-Portfolio Manager of the Real Estate Value Fund and member of Third Avenue’s Management Committee.
Mr. Bakke joins Third Avenue from Surveyor Capital where he was a Senior Associate in REIT research and investments, analyzing the securities of REITs and real estate companies. Prior to Surveyor Capital, he worked as a research analyst at Tristan Capital Partners in the UK and Green Street Advisors in the US, each with a focus on the real estate sector. Mr. Bakke holds a Bachelor of Science in Operating Research and Information Engineering from Cornell University. He was awarded his CFA® designation in 2013.
Commenting on his new position, Mr. Bakke said, “I am honored to join Third Avenue at such an exciting time for the firm. It is an incredible opportunity to be able to work alongside an inspiring group of investors who embrace Marty Whitman’s pioneering approach to value investing. I look forward to contributing to the Third Avenue Real Estate Value Fund as it enters its 20th year of operations and the rest of Third Avenue.”
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, with over $3.8 billion in assets under management. Third Avenue adheres to a disciplined bottom-up value investment strategy in order to identify investment opportunities in undervalued securities of companies with high quality assets, understandable businesses and strong management teams that have the potential to create value over the long term.