Stay WithBlue-Chip REITs in 2011

摘要

Despite the cloud lingering over housing and commercial real estate, you have to admit that real estate investors have had a good run. For the third straight year my portfolio has beaten the S&P 500, though this year the NAREIT index of equity REITs gained 27% against my 17% total return. In 2010 the market was turbulent, but just being patient in REITs worked well. I believe 2011 will be similar-but I expect the overall real estate market to stabilize along with the economy. Don't sell any of the stocks I recommended last year. Big institutional fund managers will plow money into REITs this year because they're a lot more liquid and transparent than trying to buy and manage a portfolio of apartment or office buildings.