Funny you should mention EPD. I was building a hypothetical portfolio of dividend stocks as a transition from growth to income for a portion of the portfolio. Others on the list included XOM, VLO, T, ABBV, JNJ, WBA, GIS, PPL, GEF, IRM and KMB.

As for the original post. DYODD, look at all the fees, read the fine print, etc. Learning how the salesman is compensated for the offering will tell you a great deal. It sounds like a cleaver sales pitch for an annuity loaded with fees. "Participate in market gains, without risking the downside..." You may be able to construct your own portfolio with limited downside risk using options. It sounds crazy, but you can actually flatten out the volatility of returns by selling options.

Another point to consider is making passive investments across a few CRE syndications. Assuming 500k of capital, you could deploy it across 5-10 offerings. Stick with yield plays or value add. Don't gamble on a development deal when looking for stable returns. The few I've invested in are returning 6-8% Cash on Cash. Cash out refis or equity distribution at sale will boost the returns further.