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Third Avenue Management Expects Positive Performance from Vornado Realty (VNO)


Third Avenue Management Expects Positive Performance from Vornado Realty (VNO)
Third Avenue Management, a disciplined, value-oriented asset manager and investment fund, published its third-quarter 2020 Investor Letter – a copy of which can be downloaded here. A return of 10.94% was recorded by the fund for the 3rd Quarter of 2020, ahead of its FTSE EPRA NAREIT Developed benchmark that returned 10.32%. You can view the fund’s top 10 holdings to have a peek at their top bets for 2021.
Third Avenue Management in their Q3 2020 Investor Letter said that they were able to distinguish a value in  Vornado Realty Trust (NYSE: VNO) and initiated a position in the company. Vornado Realty Trust is a real estate investment trust that currently has a $7 billion market cap. For the past 3 months, VNO delivered a 13.38% return and settled at $38.56 per share at the closing of January 15th. ....

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Rochester arts community on Cuomo's revival plan


Created: January 13, 2021 05:26 PM
ROCHESTER, N.Y. (WHEC)  In his State of the State address, Gov. Andrew Cuomo announced a plan to bring back the arts in New York State.
The plan involves a series of outdoor pop-up events across the state featuring artists like Amy Schumer, Hugh Jackman and Renee Fleming. The first pop-up performance is set to take place on Feb. 4. The locations and further details have not yet been announced. 
Whenever supporting the arts is part of a public conversation it s a win for artists, but local theater operators have mixed feelings on Gov. Cuomo s new plan. 
I believe we all feel very encouraged by the recognition that it is a priority, said Linda Glosser, Executive Vice President with the Rochester Broadway Theatre League.  ....

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