This diversification can provide steady income from both residential and commercial tenants.Partnership with Experienced Developers: Collaborate with experienced developers or investors who specialize in your desired project type.

Risk Diversification, Having many units in a single property can help to mitigate the risk of vacancy.

Course you do sacrifice diversification so that is a consideration. 

A passive investor accepts a lower return and diversification for freedom of time - which is a more valuable commodity than $$.If I have $2MM in real estate syndications, that earn me a 1.9 EM over say 5 years, that is $900K over 5 years - $180K/yr. paying almost no taxes on it - and working 100 hours per YEAR to get it - that's a $1800.00 per hour clip.

I understand that diversification can be beneficial. 

While "alternative assets" have historically been cumbersome and fee-heavy to sustain bespoke management, our back-office support ensures that portfolio-diversification and the legacy of this asset will withstand the test of time as you share and enjoy it with family and friends along the way.

We prefer funds for diversification through multiple assets and just not 1 asset

However, I'm looking for a diversification geographically and in terms of asset class.

Diversification: They often diversify their real estate portfolio, investing in different types of properties (residential, commercial, industrial) and in various geographic locations.

At the end of the day I do believe in diversification so I invest in both and more.