Pictured above: A Mall by Simon Properties (SPG), the fund's top holding. Well, since the Fed does not appear to be in any major hurry to bring rates up, and REIT prices have managed to stay down in anticipation of the changes that basically haven't happened, I guess it would make some sense to start building up some real estate holdings. I came across a nice little closed end fund that I think has some promise. It's the Nuveen Real Estate Income Fund (JRS). Closed-end funds can be complicated at times, and I'll spare you the work of breaking it all down. The key takeaway would be that when you can buy them at discounts to net asset value, or "NAV", you should. We have that here. The fund tracks NAV under the tick (XJRSX). Today it closed at $11.97, and the fund is $11.35, so about a 5% discount. What I like about this fund in particular is that it seems to be sort of off the grid. The NAV tends to increase faster than the share price, and during pullbacks, the price doesn't decline as much as the NAV. It gets you a nice little collar on that price. Current dividend yield is decent at 8.59%, paid quarterly. While the payments have fluctuated a bit more recently, the long term trend has been to go higher. Leverage exists on the balance sheet, but not to an excessive degree, and the holdings are high quality equity for the most part. I am long shares and recommend their purchase for an easily diversified real estate portfolio.