L&B Realty Advisors is starting a REIT unit which will begin investing...

L&B Realty Advisors is starting a REIT unit which will begin investing in publicly traded REITs June 1. Susan Cheung, director of investment analysis at L&B, will be portfolio manager of the new unit. Patti Becton, spokeswoman for the firm, said that L&B plans to invest in a diversified portfolio of REITs, rather than concentrating on a few sectors. The new unit has been in the works for four years.