Third Avenue's David Barse Discusses REITS and Interest Rates, Global Real Estate

Third Avenue has significant stake in global real estate

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Dec 01, 2015
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David Barse, CEO of Martin Whitman (Trades, Portfolio)'s Third Avenue Management (Trades, Portfolio), discusses with Bloomberg how an interest rate increase may affect real estate investment trusts. Barse also comments on portfolio holding Weyerhauser (WY, Financial), a forest products company. Third Avenue had 12.1% of its equity portfolio invested in real estate at the end of the third quarter, with the largest trading in Hong Kong and Canada: CK Hutchison Holdings Ltd. (HKSE:00001, Financial), Brookefield Asset Management Inc. (TSX:BAM.A, Financial), Cheung Kong Property Holdings Ltd. (HKSE:01113, Financial) and Wheelock and Co. Ltd. (HKSE:00020, Financial).