There’s still plenty of room for REITs to grow in client portfolios, says Neil Menard, group president of CNL Capital Markets and president of CNL Securities, but it requires innovation in the product.

Menard tells Money Management Executive that CNL sees an opportunity to calibrate REITs so that they focus on markets serving millennials and the elderly. “We think there’s still a big market for REITs,” he says. “It’s how you deliver it to our market that is going to change.”

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