please do fast i need full explanation all part and need correct answer

1. Non-exchange traded REITs appeal to a specific class of investors:? (1) Individual investors (2) REIT mutual funds (3) Corporate pension funds (4) Hedge funds 2. The primary attraction of non-exchange traded equity REITs is? (!) Generally management that is considered superior to listed REITs (2) More detailed coverage by the analyst community (3) Greater total return (dividend + share appreciation) than listed companies (4) None of the above 3. Private equity sources are inclined to be investors in commercial real estate on a direct, rather than indirect, basis. What is considered to be indirect investing? (1) Investing in managed funds that purchase commercial properties (2) Investing in publicly traded REIT shares (3) Acquiring public real estate companies (4) Joint venturing with public real estate companies