May was a rocky month for REIT investors, who saw a 5% drop in REITs' value. But worries that these stocks are overvalued or the recovery is over are vastly overblown, says Brad Case, vice president of research and industry information at NAREIT. "REITs still outperformed most every part of the stock market, which tells me this drop was not about concerns over the real estate industry or REITs but about other things," such as the Greek debt crisis and its possible spread to other markets.

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