While there is still debate over whether now is the right time to buy a house, there are other opportunities to make a profit in real estate.

The Morgan Stanley REIT Index is up more than 10 percent over the last three months. But will corporate real estate follow residential housing downward? Richard Anderson, senior research analyst at BMO Capital Markets, and Louis Taylor, senior REIT analyst at Deutsche Bank Securities, both agree that some REITs are still ripe for investment.