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REITs keep getting spanked, but here are some bright spots

The advantage of exposure to real estate as a more concrete option among financial assets has been hard to glean from the dismal performance of real estate investment trusts over the past few years.

But some investors say there are bright spots emerging among REITs.

“It’s still a pretty good time to buy some REITs,” said David Copp, manager of the TIAA-CREF Real Estate Securities Fund TCREX, +0.41% . “We’re not where we were 10 years ago. We’re now at a point in the cycle where investors need to be much more selective.”

First, a reminder of why investors have shied away, taking REIT investments, including the SPDR Real Estate Select Sector ETF XLRE, +0.48% , down more than 5% for the year to date.

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