Jim Kramer says that these four real estate funds can be good opportunities for investors to take advantage of higher rental rates.

CNBC’s Jim Cramer on Tuesday presented a list of REITs that equity investors should consider buying to take advantage of rising rental prices.

“Since higher rents are only good news for landlords, why not just buy a landlord, or at least a publicly traded piece of landlord property? Don’t just be a renter, but be a tenant through one of the apartment REITs,” themad money‘ said the host.

He later added, “With rents rising across America, and with the housing crisis uncertain due to mortgage rates, you might want to own one of the best real estate REITs.”

Average one-bedroom prices in March were up about 12% year-over-year, while two-bedroom prices were up about 14% year-over-year, according to Zamber National Rental Report.

Cramer started with 17 names in the FTSE NAREIT Apartment Equity Index before narrowing the list to the top 10 real estate investment trusts. Then he evaluated each name by comparing their numbers for each category:

• Growth in net operating income for the same store
• Expected revenue growth
• Funds expected from operations
• evaluation
• Dividend returns

Using these criteria, Cramer has come up with four winners that investors should watch out for.

Here are the top four real estate investment funds:

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