Group 1 - The article discusses the performance and outlook of the real estate investment trust (REIT) sector, highlighting key trends and structural changes impacting the market [2][3] - It emphasizes the importance of understanding super cycles in markets, as analyzed by Peter Oppenheimer from Goldman Sachs, which could influence investment strategies in real estate [3] - The Third Avenue Real Estate Value Fund's Q3 2025 letter provides insights into the fund's positioning and expectations for the real estate market moving forward [2]