A dovish Federal Reserve has helped lift shares of Brandywine Realty Trust (BDN) - Get Brandywine Realty Trust Report 18 percent thus far in 2016. Having properties in hot cities like Austin, Texas and Washington D.C. has not hurt either, said Barry James, portfolio manager for the James Balanced: Golden Rainbow Fund (GLRBX) - Get James Balanced: Golden Rainbow R Report . 'In the end, real estate all comes down to location and they are in the best locations, especially college towns,' said James. The James Balanced: Golden Rainbow Fund is up 50 basis points thus far in 2016, according to Morningstar. The $4.4 billion fund has returned an average of 5.1 percent annually over the past three years, outpacing 74 percent of its peers in its Morningstar category. Newmont Mining (NEM) - Get Newmont Goldcorp Corporation (NEM) Report shares have nearly doubled year-to-date even as the price of gold has only risen about 19 percent. James said the mining company reduced all-in sustaining expenses by 24 percent over the past 3 years which is double the average rate of its competitors. Newmont also lowered its debt by $2 billion since 2013, selling $1.9 billion of assets to raise the cash. 'Gold will do well because it is inversely correlated to industrial production which has been falling this year,' said James. 'Plus the Federal Reserve looks like they are on hold and that bodes well for Newmont in the second half.'