PROPERTY rights and wrongs - FUNDS | Two high-wire real estate funds go in different directions

摘要

AS INVESTORS in tech stocks and many blue chips watched their wealth evaporate with the demise of the great bull market, holders of real estate stocks were having a grand old time. And none had more fun than shareholders of two unusual no-load funds: Alpine U.S. Real Estate Equity, managed by Sam Lieber, and CGM Realty, run by Ken Heebner.