Real estate investing is a time-tested strategy for generating passive income. For years, investors have been buying apartment buildings, office complexes, industrial facilities, self-storage properties, retail locations, and hotels to collect rental income. There are well-established markets for those properties, and many real estate companies focus on those sectors.

However, new property classes are emerging as investable opportunities. That's opening new doors for investors to step off the beaten path and further diversify their real estate portfolios. Gladstone Land (NASDAQ: LAND), Sun Communities (NYSE: SUI), and VICI Properties (NYSE: VICI) are among the real estate companies blazing new trails by owning non-traditional real estate. They're providing investors with new ways to generate passive income from real estate.

Farmland has been a superior asset class over the past several decades. It has historically produced strong total returns from crop income and land value appreciation. Farmland has also been a great inflation hedge and portfolio diversifier. 

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Source Fool.com