Real estate analysts at Robertson Stephens investment bank are predicting the recent rally in real estate investment trusts will continue.

“The current rally in REIT shares is likely to continue through the remainder of 2000,” said analyst Jay Leupp. “In this market, we recommend investors utilize a two-pronged strategy that includes investing in large-capitalization ‘core holdings’ and the ‘best of the rest’ large-and mid-cap stocks that have been overlooked or remain undervalued despite strong underlying fundamentals.”

The analysts’ top five core holding recommendations include Boston Properties (NYSE: BXP), Equity Office (NYSE: EOP), Prologis (NYSE: PLD), Apartment Investment and Management Co. (NYSE: AIV), and Simon Property Group (NYSE: SPG).

Their best of the rest recommendations include Crescent Real Estate Equities (NYSE: CEI), Glenborough Realty Trust (NYSE: GLB), PS Business Parks (Amex: PSB), Pan Pacific Retail Properties (NYSE: PNP), and Public Storage (NYSE: PSA).

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