They have a little higher gains (a lot more volatility) but a syndicator who is willing to put you in a deal with more than 10-20% of your net worth is asking for trouble.

In NZ you want to get debt free ASAP as our mortgage interest rates are both volatile and very, very high.

So volatility is high versus private options which are not tied directly to the stock market cycle (but instead tied to the real estate financial cycle and the business cycle).A bigger issue is that you also pay a premium for that daily liquidity and so for example, the amount you receive as a distribution will be much lower than the equivalent as a private investment.2) Private REIT.

It is a much less liquid asset, more prone to special assessments, more prone to volatility in values, and largely restrictive to get financing on.

She's an Investor's Investor who invests because the process is fun and exciting, not just because Warren Buffet said RE is a less volatile place to park, though he ain't lyin. 

In high markets I like high yield low volatility, hoping that values in this type of property don't decrease much if the economy gets a bit shaken up.

Cash flow is less volatile and more stable.

They are largely deceptive and misinformed...this is a volatile and unhealthy combination.

If cash on cash return is a big priority, shift towards high yield assets in less volatile markets.

This includes a lot of rust belt cities that although they do not have the crazy appreciation of some markets provide steady cash flow, and are not as volatile as other markets.