Guggenheim Real Estate^SM invests across the full spectrum of the real estate market, including directly-owned properties, public market equity (REITs), private equity (open-end) funds, public debt (CMBS) securities, and high-yield private (mezzanine) debt. Our goal is to provide investors with a fully diversified real estate portfolio, while constantly adjusting allocations towards investments that strive to provide the best value in the current market environment.