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Article: Real Estate Funds Are Still Hot
- Article from:
- AP Online
- Article date:
- October 3, 2006
CopyrightCopyright 2006 Associated Press/AP Online. This material is published under license from the publisher through YellowBrix, Alexandria, Virginia. All inquiries regarding rights should be directed to YellowBrix. (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 straight year.
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 Tjornehoj, a senior researcher at Lipper.
The reason for the disparity lies in the nature of the real estate investments. Most real ...