Shares of Monmouth Real Estate(MNR) - Get Report are up over 40% thus far in 2016, but the industrial real estate investment trust still has more room to run, said Floyd Tyler, portfolio manager of Preserver Alternative Opportunities Fund.

"They are growing by acquiring other distribution centers and warehouses," said Tyler. "Earnings growth and sales have been in the double digits, which makes it a great opportunity."

Monmouth Real Estate is one of the oldest public equity REITs in the country, specializing in single-tenant, net-leased industrial properties, subject to long-term leases, primarily to investment grade tenants. Monmouth property portfolio consists of ninety-nine properties located in thirty states, containing a total of approximately sixteen million rentable square feet.

The Preserver Alternative Opportunities Fund was launched in March of this year. The fund seeks attractive risk-adjusted returns and low correlation to traditional stocks and bonds by investing in multiple asset classes. It can also invest up to 15% of assets in illiquid securities.

Tyler is also bullish on Burford Capital, which is up almost 120% on the London Stock Exchange. The company is in the litigation finance business and it is the type of off-the-beaten-path stock pick that Tyler specializes in.

"They put on $200 million in new business which is a great leading indicator for future earnings and profits," said Tyler.

Staying on the London exchange, Tyler is positive on UK Commercial Property Trust, a closed-end property fund which he said sold off unfairly after the Brexit vote. "It yields about 5%, it's growing and it's a solid dividend play," said Tyler.

Outside of the fund, Tyler has some commercial and residential real estate exposure through crowd-funding sites with yields of about 11%. The firm also invests in celebrity photo royalties, although Tyler said he is a "value investor," not a paparazzi of any sort.