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Article: Real estate funds aren't going down with the rest of the industry
- Article from:
- Daily Breeze
- Article date:
- October 9, 2006
- Author:
CopyrightCopyright 2006 Daily Breeze. Provided by ProQuest LLC. (Hide copyright information)
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NEW YORK -- While some homeowners have been wringing their hands,
agonizing over a cooling real estate market, they might be surprised
to see that real estate funds are on track to top the market for the
seventh year in a row.
So far this year, real estate funds are up about 22.16 percent,
and they were up about 8.37 percent in the third quarter, according
to Lipper Inc., which tracks funds.
For the past five years, the return is about 22.13 percent.
"I think for many investors it's a puzzle because they see that
the housing market is softening," said Jeff Tjorne- hoj, a senior
researcher at Lipper.
The reason for the disparity lies in the nature of the real
estate investments. Most real ...