What is the benefit of creating a corp or LLC to hold property? Can a group of corp create LLC?

I'm interested in investing in real estate with a group. Everyone in the group must contribute to creating the LLC. The LLC will not hold the property they will secure the property and p it to the members of the LLC. I was told that it would be benefical to have a corp or LLC for your properties if this is true then if the individuals investing have a corportation should they use the corp.