The Real Deal Miami

REITs on verge of bouncing back, Leupp says

July 27, 2009 04:57PM

Despite the negative outlook for the real estate market, there are still options for investors interested in real estate, according to Fortune Magazine. Bank stocks are not a good bet because major banks still have significant amounts of money in real estate loans and commercial mortgage-backed securities. But the ProShares UltraShort Real Estate exchange traded fund hit a closing high of $259.36 in November. Several real estate investment trusts, such as Alexandria Real Estate Equities, are also on the verge of bouncing back, said Jay Leupp, senior portfolio manager of the Grubb & Ellis AGA Realty Income Fund.