In general, REITs are posting stronger gains than the larger equity market, but some REITs are outstripping their counterparts. One of the few REITs that has a strong presence in West Los Angeles, office and multifamily owner Douglas Emmett, realized a return of 23.14% in the third quarter, as measured by the Dow Jones All Equity REIT index. Sectors also played a role, along with geography. Some retail REITs such as Taubman Centers delivered high performances in the third quarter. Hotels, by contrast, largely did not.
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