Real Estate Recovery Still Has Room to Build
Growth for timber companies, land-development businesses, and retailers still has ways to go as the real estate recovery matures, says Third Avenue manager Jason Wolf.
Josh Charlson: Hi, I am Josh Charlson with Morningstar. I am here at the Morningstar Investment Conference with Jason Wolf. He is a co-lead portfolio manager for Third Avenue Real Estate Value, and we're going to be talking about real estate today. The real estate markets have been on a tear over the past 18 months, and this fund has been one of the best. It was up 36% in 2012, and through May of this year it was in the top 2% of the global real estate category. Welcome, Jason.
Jason Wolf: Thanks, Josh.
Josh Charlson does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.