Multifamily Properties

Apartment properties also come in all shapes and sizes, ranging from dense, high-rise, urban apartment buildings to sprawling, resort-style complexes in the suburbs complete with swimming pools, fitness centers, and outdoor patios.

In terms of size, multifamily buildings are often classified as follows:

• Low Rise or Garden Style: 2-4 stories high
• Mid Rise: 5-9 stories
• High Rise: 10 stories or higher

In the past, multifamily properties were regarded less as commercial real estate assets and more closely associated with other residential assets such as single-family homes. However, in recent years as the US has increasingly urbanized and multifamily properties have become more institutional in nature with costly design and vast amenities and now increasingly owned by some of the nation’s largest institutional investors, multifamily is now firmly cemented as one of the four primary commercial real estate asset classes (the other primary three being office, industrial and retail)