Stock markets are likely to keep taking a pounding for some time to come, but bargain-hunters such as Eric Roseman already are nibbling away at tasty finds. The president of Montreal-based ENR Asset Management says he's attracted to real estate investment trusts such as RioCan REIT in Canada and Vornado Realty Trust in the U.S. The boom-years track record of Boardwalk Real Estate Investment Trust, the largest apartment REIT in Canada, is one example of the potential upside. National Bank Financial analyst Michael Smith found that the REIT's total profit from 2005 through 2007, was 164% -- better than a rental condo in Calgary's red-hot market.

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