Chilton believes the pullback in REITs presents an opportunity

Real estate investment trusts plunged 15% from their previous high before turning positive. However, Chilton Capital's Chris St. Paul advised investors to use the recent weakness in the REIT market to add to some of their positions. On a year-to-date basis, REITs are down slightly.

More accommodative Fed to help REITs

The Chilton team forecast a return of 8% to 12% for the benchmark MSCI US REIT Total Return Index for this year, and St. Paul said that now looks like it could be low. The fund's management looks to outperform the index by at least 200 basis points.

St. Paul...