The tumultuous debt market and concerns around the property markets are causing real estate mutual funds to take a beating, according to The Wall Street Journal.After seven year of remarkable gains, REITs are showing huge losses. Some funds are posting losses of 15% over just the past month.

The losses are not good news for investors who have poured nearly $18 billion into these funds over the past year and a half. Investors have put a record $11.2 billion into real estate mutual funds last year, and $6.9 billion during the first six months of this year, according to Financial Research Corp.

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