A Small Real Estate Fund Steps Up

The managers of Phocas Real Estate buy property companies that should do well even in a declining market.

Investing in real estate can be rewarding, and you don’t need to own a shopping mall or an office complex to reap the benefits. Property-owning entities called real estate investment trusts—which trade like stocks and pay steady dividends—crushed the broad stock market over the past 12 months, and the average real estate mutual fund returned 22.5% over the period.

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Miriam Cross
Associate Editor, Kiplinger's Personal Finance
Miriam lived in Toronto, Canada, before joining Kiplinger's Personal Finance in November 2012. Prior to that, she freelanced as a fact-checker for several Canadian publications, including Reader's Digest Canada, Style at Home and Air Canada's enRoute. She received a BA from the University of Toronto with a major in English literature and completed a certificate in Magazine and Web Publishing at Ryerson University.