The general advice (here at least, is to abandon all actively managed/high expense fee funds and consolidate your primary investments in low-cost (Typically Vanguard) index funds. Taking it a step further, you can take steps to optimize your asset allocation in terms of minimizing your tax burden. In general, all funds generating income (bonds, REITs, dividend-paying, etc) should go in a tax-sheltered account - Roth IRA/401k for instance. Using that rationale to answer your question, it seems that selling your REIT and Actively managed fund would make sense, and if available, repurchase the REIT in your Roth.
Keep in mind that if you're under 65 AND want to only live off distributions, you'll want to only take the distributions from your taxable. If you want to dip into contributions, a Roth could also offer penalty free withdrawals. Over 65 is much simpler.