Income investing in 2013 means continuing the sometimes difficult quest for yield in a low interest-rate environment.

The environment has, of course, been created by the U.S. Federal Reserve and its adherence to zero interest rate policy (ZIRP) in an attempt to reignite the U.S. economy.

That search for yield, in many cases, has brought investors rushing to REITs or real estate investment trusts. These are securities that sell on a stock exchange like a stock and invest in real estate either directly by owning properties or through owning mortgages. They offer high yields above 3.5% .

The good news for those in search of income is that the universe of REITs is expanding rapidly, offering a myriad of enticing opportunities.

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