| Jon Needell questions whether investing in “cookie cutter” REITs is the right move. Needell, president and chief investment officer of Kairos Investment Management Co. LLC (KIMC), a real estate investment firm based in Rancho Santa Margarita, Calif., goes so far as to warn that turning to publicly-traded REITs as a hedge is “dangerous.” These days, portfolio diversification via REIT investments “is not what it’s cracked up to be,” Needell says. FULL ARTICLE | 