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Thirdline Real Estate Income Fund is a non-diversified, closed-end management investment company structured as an interval fund. The Fund seeks to generate current income with low volatility and low correlation to traditional equity and bond markets, with a secondary objective of moderate long-term capital appreciation. It invests at least 80% of its assets in a wide range of real estate investments, including private real estate funds, private and public REITs, real estate-related mutual funds and ETFs, as well as direct commercial real estate holdings. These may include equity interests in real properties, mortgage and mezzanine loans, and various real estate-backed debt instruments. The Fund may also utilize derivatives and short selling for hedging and tactical purposes and may employ both property-level and entity-level leverage to support its investment activities. Shares are illiquid and repurchased quarterly at NAV through the Fund's interval fund structure.
News and Notices
Thirdline Capital
2024
'40 Act
Interval CEF
USD
Quarterly
Daily
0.98%
March 31
News and Notices
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1-10 of 39
Notices
Date
Time (ET)
Notice Type
Source
Notice
Feb 17, 2024
16:23
Marketing Materials, Redemptions, Subscriptions
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Thirdline Real Estate Income Fund amended its prospectus for a continuous offering of unlimited shares at net asset value with a $5,000 minimum investment. Investors' liquidity is limited to quarterly repurchase offers for at least 5% of outstanding shares.
Mar 19, 2025
11:52
Compliance
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Thirdline Real Estate Income Fund reported its 2026 annual proxy voting notice for the year ended June 30, 2026, with zero series included.
Nov 19, 2025
11:21
Ownership, Personnel, Redemptions
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Principal Financial Officer and Director Lawrence Scott Eiben’s spouse sold 17,147 Thirdline Real Estate Income Fund common shares at $8.51 per share on August 14, 2026. Eiben beneficially owned 216,755 shares indirectly through his spouse and 111,542 shares directly afterward.
Jul 12, 2025
15:58
Fees
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Thirdline Real Estate Income Fund seeks shareholder approval to elect two Trustees and approve Northmarq Fund Management as investment adviser with a 0.98% advisory fee. Approval permits Thirdline Capital Management’s sale to Northmarq to close without increasing shareholder fees.
May 31, 2025
17:21
Compliance, Fees
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Thirdline Real Estate Income Fund seeks September 11, 2026 shareholder approval to add two Trustees and appoint Northmarq Fund Management as investment adviser at the existing 0.98% management fee. Approval would allow Northmarq’s acquisition of Thirdline Capital Management to close.
Jul 31, 2024
15:05
Fees, Marketing Materials
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Thirdline Capital Management renewed an expense limitation agreement for Thirdline Real Estate Income Fund through July 31, 2027, capping ordinary annual operating expenses at 1.50% of average daily net assets. The adviser may recoup waived fees for three years.
Jan 10, 2025
10:32
Redemptions
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Thirdline Real Estate Income Fund opened a quarterly offer to repurchase up to 5% of shares at net asset value, $8.98 per share on July 2. Shareholders must submit requests by August 14, 2026; proceeds are paid within 7 days.
Mar 23, 2024
14:52
Redemptions, Subscriptions
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Thirdline Real Estate Income Fund reported $11.4 million of securities sold, $8.5 million redeemed or repurchased, $0 net sales and $0 registration fee due for fiscal 2026.
Dec 29, 2023
14:58
Ownership, Personnel, Redemptions
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Thirdline Real Estate Income Fund Director and Principal Financial Officer Lawrence Scott Eiben’s spouse sold 60,361 common shares at $9.18 on May 18, 2026. He reported 233,902 indirectly held shares and 109,424 directly held shares after the sale.
Feb 10, 2025
10:11
Redemptions
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Thirdline Real Estate Income Fund announced a quarterly repurchase offer for up to 5% of outstanding shares at NAV, with requests due May 15, 2026 and NAV reported at $9.23 per share on April 2, 2026. Shareholders may receive cash proceeds within 7 calendar days, subject to possible pro rata reduction if oversubscribed.
Preview
Thirdline Real Estate Income Fund
Thirdline Capital is responsible for managing Thirdline Real Estate Income Fund.
Thirdline Real Estate Income Fund launched in 2024.
Thirdline Real Estate Income Fund is registered as a '40 Act fund.
Thirdline Real Estate Income Fund is structured as a Interval CEF fund.
You can invest in Thirdline Real Estate Income Fund by meeting its eligibility requirements and subscribing through the fund's offering process or an approved platform. Visit their website for more details.
You can invest in Thirdline Real Estate Income Fund daily, subject to eligibility and fund subscription deadlines.
You can redeem shares of Thirdline Real Estate Income Fund quarterly, subject to redemption limits and notice requirements.
Shares of Thirdline Real Estate Income Fund can be purchased in USD.
Thirdline Real Estate Income Fund's fiscal year end is March 31.
Thirdline Real Estate Income Fund's net asset value was $59.2 million and its portfolio had a fair value of $62 million as of March 31, 2026.
Among other deal types, Thirdline Real Estate Income Fund primarily makes Direct Investments.
Among other asset classes, Thirdline Real Estate Income Fund primarily invests in Mezzanine and Real Estate (Debt).
Among other regions, Thirdline Real Estate Income Fund primarily invests in the USA and North America.
Thirdline Real Estate Income Fund charges a 0.98% annual management fee, which is calculated based on NAV.
You can invest in TREIX shares with a minimum initial investment of $5,000.
You can invest in TREIX shares with a minimum subsequent investment of $500.
You will be subject to paying an early repurchase/redemption fee of 1%.
Thirdline Real Estate Income Fund's TREIX share class generated an annualized 1-month return of -0.55% and since-inception return of 4.84% as of March 31, 2026.
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