Non-traded real estate investment trusts can be an attractive alternative to other investments for retirees, who are hard-pressed these days to find traditional instruments that produce an adequate return, writes wealth manager Aaron Katsman. Returns around 7% annually are common with non-traded REITs, and retirees will find that "not only do they get a well diversified real estate portfolio with a big yield but they also get potential for capital appreciation in the real estate held."

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