If you have more, you can get more diversification by investing in multiple funds.If I were a nonaccredited investor just starting out and only enough for one fund, I would put it in Blackstone Real Estate Income Trust (BREIT).

You can also look at private non-traded real estate like BREIT from Blackstone.

I believe they are a good third or fourth choice to round out a portfolio, after filling more core/conservative positions with Blackstone BREIT, StREITWise.

That fund is Blackstone Real Estate Investment Trust (BREIT).

Some are (like Fundrise and BREIT) and many aren't (which some actually prefer for certain tax benefits).

But, if I were a nonaccredited investor I would personally start by looking at:1) Blackstone real estate investment trust (BREIT): the largest fund in the industry by far.

@Jayman Petel, yes BREIT  can have very high fees if you purchase certain share classes.

But, if I were a non-accredited investor, I would start with a core plus real estate fund like BREIT as my main holding (or perhaps the new BDREX that is coming out from Broadstone Net Lease).

Anyone have any experience, positive or negative with “Blackstone Real Estate Income Trust (BREIT)”.

I personally prefer the accredited offerings because the nonaccredited ones usually don't match my personal criteria (i.e. they have too little skin the game, the sponsors don't have full real estate cycle experience, LTV's are too high, have floating-rate debt, fees and promotes are uncompetitive, etc).Having said that, Blackstone has the largest nonaccredited investor offering in the industry (BREIT) and a smaller but similar one is from Starwood (SREIT).