First is the risk that stems from the pervasive macroeconomic factors which cannot be eliminated by diversification. 第一个是普遍的宏观经济因素引起的不能通过分散投资消除的风险。
In addition,the size of the upfront capital commitment in real estate investing makes diversification within the asset difficult to achieve. 另外,由于得先垫出一大笔资金,也就很难做到分散投资。