I agree with the others here.
Public REITs can be a great investment, especially when undervalued (say 1998-2004). Transparent, liquid, long earnings / cash flow / dividend policy / capital allocation histories.
Private REITs have none of these positives. I have invested in individual (public) REITs for 15+ years now and have never found a private REIT I would touch.
learn, work, save, invest, fire