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32 Probate & ProPerty j May/June 2009 As investors seek to diversify their direct equity real estate portfolios, real estate opportunity funds have become an attractive and unique vehicle for investments in domestic and overseas real estate markets. Investors may find, however, that certain property types are difficult to add to a direct equity portfolio, or an investto may lack the development and management skills to enter into a real estate market, especially in a foreign jurisdiction. These...