Is there an mREIT that is safe? NO! LT mREITS have paid off for me over the years. I hold MFA and ANH in addition to a REIT fund. Buy low (now) sell high (later) or just enjoy the dividend. What is heading south today will be heading north tomorrow and visa versa.
When the recession hit, like everyone else in the market, I took a major hit. However I did not sell for a loss and held on. I re invest all dividends and when the price is right sell off enough to cover my original investment and let the rest ride it out. Or sell options.