Pomroy says to check out the office REITs for the greatest potential returns this year, depending, of course, on an upturn in the economy.

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Pomroy says the best REITs in 2003 have been in retail.

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"The fundamental idea is still the same--to participate in steady cash flows through property ownership, " says Pomroy, who also notes that REIT prices have pulled back a bit from their highs and have now stabilized.

FORBES: Magazine Article