9/28/2009

While the IPO market seems to have cooled on the concept of bargain-hunting mortgage REITs, mutual fund managers said they still like the concept. Sam Lieber, manager of the Alpine Emerging Markets Real Estate Fund and Alpine Cyclical Advantage Property Fund, said REITs buying distressed mortgages offer the potential for promising dividends. "By and large, these REITs should provide double-digit yields," he said.

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