Michael Winer

Michael Winer is the Lead Portfolio Manager at Third Avenue Management, where he has played a central role since 1994. Based in New York, NY, he is best known for co-managing the Third Avenue Real Estate Value Fund (TAREX) since its inception in 1998, focusing on value-oriented investments within the real estate sector. His key responsibilities include overseeing fund strategy, research, and portfolio construction for major real estate securities and related assets.

Winer's expertise encompasses global real estate equities, property development companies, and special situations within the real estate industry. He has led Third Avenue in acquiring and managing significant positions in publicly traded and private real estate entities, consistently applying a disciplined, long-term value approach. His investment focus covers real estate operating companies (REOCs), real estate investment trusts (REITs), and direct property investments.

He holds a Bachelor of Science in Accounting from San Diego State University–California State University, underpinning his strong analytical and financial skills. Winer's noteworthy contributions include pioneering value investing in real estate securities and earning industry recognition for innovative fund management. He also serves as an Independent Director at Five Point Holdings LLC, highlighting his broad influence in the real estate investment community.