REITs feel subprime sting

Although real estate investment trusts had been performing well despite devastating losses in the mortgage market, they are now beginning to falter. Real estate funds, which were the top performing fund category in the U.S. last year, have fallen 4.7 percent over the past month as investors worry that subprime fallout could impact the real estate market as a whole. REITs largely concentrate on commercial properties and therefore had not been greatly affected by turmoil in the home mortgage industry. more [WSJ]