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The REIT sector continued its strong 2019 performance in July (+1.76%), bringing the average equity REIT to a stellar return of 20.80% over the first seven months of 2019. REITs saw gains largely in line with that of the broader market in July, falling short of the NASDAQ (+2.11%), but outpacing the S&P 500 (+1.31%) and Dow Jones Industrial Average (+0.99%). The market cap weighted Vanguard Real Estate ETF (VNQ) achieved a slightly weaker return than the average REIT in July (+1.70% vs. +1.76%), but maintains a small lead after the