I'm not opposed to them but I don't think of them as real estate investments. REITs are stocks, so they tend to rise and fall with the overall stock market. Take a look at what happened to VNQ in 2008 (when the SP500 was down over 36%). VNQ got crushed as well.
Tell you what. Next time the market is down over 20% I'll tweet how much my fundrise and realtymogul quarterly distributions have gone down. @baccredited