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Cramer Quick Take: My Top REIT Pick

Bret Kenwell

08/19/13 - 12:05 PM EDT
NEW YORK ( TheStreet) -- Which real estate investment trusts are worthy of your investment?

TheStreet's Jim Cramer told Debra Borchardt that while the REIT space has been unattractive for much of 2013, it may be time to look at American Realty Capital (ARCP).

The company boasts a solid 7% dividend yield and, Cramer added, the CEO, Nick Schorsch, is excellent. Taking it one step further, he said to short General Growth Properties (GGP).

Switching from REITs to momentum stocks, Cramer said online real estate database Zillow (Z) made a brilliant acquisition in StreetEasy, the "go-to" site for New Yorkers, which should help Zillow gain exposure in that market.

However, while the acquisition may have been good, he warned about Zillow's high short interest and big secondary offering of 2.5 million shares. The company may have to continue making acquisitions in order to keep up with Trulia (TRLA).

-- Written by Bret Kenwell in Petoskey, Mich.

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