Owning real estate is one of the most tried-and-true methods of building wealth over time. But assembling and managing a portfolio of rental properties isn't affordable or practical for most people.

Real estate investment trusts (REITs) solve that problem; these are companies that rent out properties and distribute the majority of taxable income to shareholders as dividends.

Building a diversified portfolio of various REITs can give you the financial benefits of being a real estate tycoon without the headaches. Here are five great names to consider buying and holding for the next 10 years.

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Source Fool.com