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.
Back on the East Coast, Magee is bullish on SL Green (SLG) . Shares of the New York-focused office landlord are flat in 2016, but they have an exciting new project on Vanderbilt Place.
Finally, Magee is a fan of specialty lab space owner Alexandria Real Estate Equities (ARE) , which is up 21% thus far in 2016, even though biotech shares have been drubbed.