Ken Heebner's Take on Real Estate

This savvy fund manager says there still are great ways to make money in this sector.

CGM Realty (symbol CGMRX, another Heebner-run fund, has also produced fabulous results. Its 10% year-to-date return (through August 23) beats the Dow Jones Wilshire REIT index by 16 percentage points. Realty's five-year return of 34% per year wallops the REIT index by an average of 15 points per year.

KIPLINGER: Let's talk about real estate and CGM Realty. When we spoke with you early in the year, you indicated you were paring back your positions in real estate investment trusts.

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Manuel Schiffres
Executive Editor, Kiplinger's Personal Finance