Real estate
Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water. In terms of law, real estate is in relation to the land property and is different from personal property, while estate means the "interest" a person has in that land property. Real estate is different from personal property, which is not permanently attached to the land, such as vehicles, boats, jewelry, furniture, tools, and the rolling stock of a farm.
Types of real estate:
- Commercial real estate: Any property used exclusively for business purposes, such as apartment complexes, gas stations, grocery stores, hospitals, hotels, offices, parking facilities, restaurants, shopping centers, stores, and theaters.
- Industrial real estate: Any property used for manufacturing, production, distribution, storage, and research and development.
- Land: Includes undeveloped property, vacant land, and agricultural lands such as farms, orchards, ranches, and timberland.
- Special purpose: Property used by the public, such as cemeteries, government buildings, libraries, parks, places of worship, and schools.
Real Estate: Definition, Types, How to Invest in It. Investopedia. Retrieved from: https://www.investopedia.com/terms/r/realestate.asp