i. Property Types & Asset Classes

Property types and asset classes describe how real estate is categorized based on use, physical characteristics, and investment profile. These distinctions help investors, operators, and regulators understand how properties function, generate income, and carry risk across different markets and lifecycle stages.

Adaptive Reuse Property

A property that has been repurposed from its original use into a new function, such as converting an office building into residential units.

Build-to-Rent (BTR)

Residential properties developed specifically for rental use rather than for-sale ownership.

Brownfield Site

Previously developed land that may be affected by environmental contamination and requires remediation before redevelopment.

Cold Storage Facility

Industrial properties designed for temperature-controlled storage, commonly used for food and pharmaceutical logistics.

Commercial Real Estate (CRE)

Income-producing properties used for business activities, including office, retail, and hospitality assets.

Condominium

A residential ownership structure where individual units are owned separately while common areas are jointly owned.

Core Asset

A stabilized, low-risk property with predictable cash flows, typically located in prime markets.

Core-Plus Asset

A mostly stabilized property with minor operational or leasing upside potential.

Data Center

Specialized facilities designed to house servers, networking equipment, and digital infrastructure.

Distribution Center

Large-scale logistics facilities used for receiving, storing, and distributing goods.

Energy Infrastructure Asset

Real estate supporting energy generation, storage, or transmission, such as power plants or substations.

Greenfield Site

Undeveloped land intended for new construction.

Hospitality Property

Assets such as hotels or resorts that generate income through short-term occupancy.

Industrial Real Estate

Properties used for manufacturing, warehousing, logistics, or distribution.

Income-Producing Property

Real estate that generates recurring revenue through leases, rents, or operations.

Last-Mile Logistics Facility

Industrial properties located near population centers to support rapid delivery.

Life Sciences Property

Specialized facilities designed for research, laboratory, or biotech use.

Manufacturing Facility

Industrial properties used for production or assembly of goods.

Medical Office Building (MOB)

Office properties designed for healthcare delivery and medical services.

Mixed-Use Property

A development that combines multiple uses, such as residential, commercial, and retail, within a single asset.

Multifamily Property

Residential buildings containing multiple rental units within a single structure or complex.

Office Property

Commercial real estate used primarily for administrative or professional activities.

Opportunistic Asset

High-risk, high-reward investments often involving development, repositioning, or distressed assets.

Owner-Occupied Property

Real estate used primarily by the owner rather than leased to tenants.

Residential Real Estate

Properties intended for housing individuals or households.

Retail Property

Commercial assets used for the sale of goods or services directly to consumers.

Self-Storage Facility

Properties offering rented storage units to individuals or businesses.

Senior Housing

Residential properties designed for older populations, often with supportive services.

Single-Family Residential (SFR)

Detached residential properties designed for one household.

Specialty Real Estate

Properties with unique operational, regulatory, or use characteristics that fall outside traditional categories.

Stabilized Asset

A property operating near full occupancy with predictable income and expenses.

Student Housing

Residential properties designed to serve university or college populations.

Townhome

Residential units that share walls with adjacent units but have separate entrances.

Transitional Asset

A property undergoing leasing, renovation, or operational change.

Transportation-Oriented Asset

Real estate located near major transportation hubs or corridors.

Trophy Asset

High-profile properties in prime locations known for prestige and quality.

Value-Add Asset

Properties with identifiable opportunities to increase value through improvements or operational changes.

Warehouse

Industrial properties used primarily for storage of goods.