Establishing A Synthetic Real Estate Portfolio

Introduction

I am a 73 year old retired real estate lawyer who had sold most of his real estate holdings a few years ago. There are notable exceptions, such as the brownstone on the West Side of Manhattan, where I raised my family and although I put it for sale before Covid, no one seems to want to purchase it at a reasonable price. I have watched the decline in prices but am too old to start buying and managing properties myself. As an alternative, I have elected to create a synthetic real estate portfolio which I can invest in and monitor through the purchase of Reits and publicly held real estate companies. I had been successful in my real estate endeavors to the extent that I retired and went back to school taking undergraduate and graduate courses in art history and proceeded to build a moderately successful second career.

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