REITs Seek to Lure U.S. Pension-Fund Money From Private Equity

"The National Association of REITs found that a portfolio 30 percent invested in commercial property shares delivered a higher return relative to one more heavily tilted toward private-equity funds, based on a study to be published today on the group’s website. Pension funds typically put less than 10 percent of their real estate allocations into publicly traded REITs to protect against stock-market volatility."