Is the outlook for REITs looking positive heading into 2017?
The outlook for REITs is positive heading into 2017, as a growing economy will spur earnings and dividend growth. And having a real estate mogul in the White House is not a bad thing either, said Wilson Magee, portfolio manager for the Franklin Real Estate Fund (FGRRX) .
Rexford (REXR) , which is up 41% year to date, is one of Magee's top picks for the coming year. Rexford focuses on industrial properties in the greater Los Angeles market.