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The Third Avenue International Real Estate Value Fund maintains a careful stance when considering investments in publicly traded real estate firms that possess notable exposure to developing economies. This approach reflects a commitment to mitigate potential risks associated with the volatility and specific challenges often present in these markets. By prioritizing a prudent evaluation, the fund aims to safeguard capital while seeking long-term growth opportunities, ensuring that any engagement with emerging market real estate is thoroughly assessed for its underlying value and stability.

In line with this strategy, the fund has identified key players within the global real estate landscape. CTP, for instance, stands out as a prominent owner, manager, and developer of premium industrial properties, boasting an extensive portfolio of 13.5 million square meters predominantly across Central and Eastern Europe. Similarly, Amata specializes in the development and management of large-scale industrial estates, with its primary operations located in Thailand and Vietnam. These entities exemplify the type of well-established and strategically positioned companies that align with the fund's value-oriented investment philosophy, even within the broader context of emerging market exposure.

The investment decisions of the Third Avenue International Real Estate Value Fund are guided by a disciplined, value-oriented methodology that centers on fundamental asset analysis. This rigorous process enables the fund to identify companies with robust asset bases and sustainable business models, irrespective of their geographical footprint. By focusing on intrinsic value and sound management practices, the fund seeks to build a resilient portfolio that can navigate diverse market conditions and deliver consistent returns to its investors, always with an eye toward responsible and informed capital deployment.