what is the difference between a direct real estate and a listed real estate?

Hey! Generally speaking, direct property investments occur when an investor selects and buys a specific property, mostly individually and not with other investors. Once bought, ownership and profits of the property is fully theirs, as well as the costs and damages. On the other hand, investing in listed real estate constitutes an individual investing in a REIT (Real Estate Investment Trust). The REIT then invests in a portfolio of properties, allowing the investor to reap dividends as a shareholder, without gaining full direct ownership of the property itself. Hope this helps! :)