As housing finally rebounds, investors are searching for the best ways to take advantage. Tim Courtney, chief investment officer at Exencial Wealth Advisors, says an investment portfolio of more than $10 million could benefit by including both "hard" real estate, meaning direct ownership—either full or partial—of commercial, residential or other properties, as well as "soft" real estate, such as shares of real-estate investment trusts or other securities. Those with smaller portfolios who want to invest in real estate generally should stick with real-estate investment trusts, or REITs, exchange-traded funds, shares of real-estate-focused companies and other investments that provide more liquidity...
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