You can do the income side of that with deferred fixed-income annuity. You won't be happy with the amounts, because you're offloading the economic risk to someone else who will be paid handsomely for taking that on.

You'd probably be even less happy with the real-estate side, but I'm sure you can find someone to take the other side of that deal for the right price. (Hell, I'll do it for the right price, but you won't like that price either.)