 Both accredited and non-accredited investors participate in direct investments in real estate, either individually or through non-securitized partnerships.Both also typically invest in the public equity real estate markets, which includes the publicly traded, listed securities of public Real Estate Investment Trusts (REITs), as well as various securities issued by other forms of publicly traded real estate operating companies.Except for a few exemptions, illiquid, non-traded private real estate securities offerings typically are suitable only for fully accredited investors.