Shortly after the U.S. stock market opened following the Brexit vote last Friday, stocks began to plummet. But stock of real estate investment trusts went in the opposite direction, reports CNBC’s Diana Olick.

For anxious investors, REITs and the real estate underlying them, are the power play. "Anything that is going to drive the 10 year lower is a positive for REITs. Three-and-a-half percent dividend yield with 6 to 7 percent earnings growth is pretty darned attractive in this environment," said Alexander Goldfarb, senior REIT analyst at Sandler O'Neill.

As foreign investors continue to pour money into the U.S. office, retail, and apartment space, REITs will also benefit from rising commercial real estate values. They had been doing that already, but Brexit will only accelerate the pace, especially of Chinese and Middle Eastern money entering the U.S. brick-and-mortar markets.

"The Chinese buyers tend to be very focused on office buildings in high-profile markets like New York and San Francisco," said Rick Sharga, chief marketing officer of Ten-X, a real estate auction platform. "We do see a lot of multifamily and retail purchase activity by certain foreign buyers, and there are other parts of Asia where the buyers really specialize in hotels."

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