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Closed-End Real Estate Funds Are Performing Well

Scott Van Voorhis

The real estate market is booming, with record prices being paid for everything from modest single-family homes to trophy office towers. Not surprisingly, closed-end funds that focus on real estate have been posting good numbers so far in 2018, even as other CEFs struggle amid rising rates. CEFs focusing on real estate saw a 1.5% increase in net asset value in June, behind only closed-end utility and growth funds, according to a survey by Tom Roseen, head of research services at Thomson Reuters Lipper.