Aimster, I'm with you. One of my largest holdings is RNP, a closed end fund investing in real estate stocks and preferred shares with a little leverage. It pays a little more than 8% yield (the yield on my average cost is, of course, much higher). It's been a good performer for me, and I plan on holding it, even though the sector looks a little toppy to me.
My largest holding is PCC, a reit combined with an SBIC (small business lender).
No midnight calls, the check is always in the mail, and if I want out, I can sell in seconds. What's not to like?