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Fears of REIT overvaluation grow as performance gets stronger
U.S. REITs continue to perform well, but more money managers are beginning to fear that they are becoming overpriced. "As people have looked for the next source of yield they've found REITs, so they've done nicely," said Richard Levine, one of the portfolio managers on the Neuberger Berman Equity Income Fund. "But that's been pushing valuations to levels which are unattractive in some cases."

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