(MONEY Magazine) -- You'd think that investors would be leery of companies that own and manage commercial real estate. Vacancy rates remain elevated in office buildings and shopping centers. Except for apartment buildings, rents really haven't grown at all in four years. And given the possibility that the global economy may retrench yet again, things could still get worse before they get better.
Yet last year, nine times as much money poured into funds that invest in real estate investment trusts, or REITs, as did in 2009.
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