Cohen & Steers Real Estate Opportunities and Income Fund (NYSE:RLTY) is trading at an attractive discount in the real estate sector, and it is also trading at attractive valuations. Real estate investments trust and preferred, which RLTY is invested in, took a significant hit when interest rates and yields rose. That caused rates for borrowings to rise, which is one of the main ways that REITs can use to grow. Similarly, RLTY is also a leveraged closed-end fund that pays borrowings based on a floating rate. Therefore, this fund saw its own borrowing costs increase as well.