Rather than owning an entire property, indirect propert investing typically involves buying units in a pooled investment such as a unit trust over which you do not have day-to-day management or control. Common examples would be listed property trusts (unit trusts which trade as shares on the stock exchange) and unlisted property trusts (in which you purchase units directly). Benefits of indirect property investments such as these include a greater pool of money (from many investors), allowing larger and more expensive properties to be purchased. Many commercial and industrial properties (and large multi-dwelling residential properties) are purchased and managed through such vehicles - thus allowing people with smaller amounts of money to obtain partial ownership in an asset they would otherwise have no access to. Issues with indirect property include a loss of control over the asset - day-to-day management decisions are made by the management team of the investment vehicle. Also, some property trust mechanisms are not considered liquid (you may have to wait weeks or months to get access to your invested money). Listed property trusts do not have liquidity issues - since they are traded daily on the stock exchange, but the value of such investments are affected by market sentiment and not just net asset backing. Compare with direct property.