NEW YORK ( TheStreet) -- Real estate mutual funds have been soaring. During the past year, the funds returned 39%, outpacing the S&P 500 by 25 percentage points, according to Morningstar.The rally has been driven by an improving outlook for commercial real estate, which includes offices, apartments and warehouses. "Many markets are strengthening, and we should have good demand for real estate for at least the next three or four years," says Marc Halle, manager of Prudential Global Real Estate (PURAX).
Real Estate Revival Seen by Fund Managers
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