Multifamily Real Estate
Class A Multifamily
• Generally, garden built within the last 10 years
• Properties with a physical age greater than 10 years but have been substantially renovated
• High-rise in Central Business District may be over 20 years old
• Well landscaped, attractive rental office and/or club building
• High-end exterior and interior amenities as dictated by other Class “A” products in the market
• High quality construction with highest quality materials
• Generally, garden built within the last 10 years
• Properties with a physical age greater than 10 years but have been substantially renovated
• High-rise in Central Business District may be over 20 years old
• Well landscaped, attractive rental office and/or club building
• High-end exterior and interior amenities as dictated by other Class “A” products in the market
• High quality construction with highest quality materials
Class B Multifamily
• Generally, built within the last 20 years
• Exterior and interior market is dated and less than what is offered by a Class A property
• Good quality construction with little deferred maintenance
• Commands rents within the range of Class “B” rents in the submarket
Class C Multifamily
• Generally, built within the last 30 years
• Dated exterior and interior amenity package
• Improvements show some age and need for maintenance
• Commands rents below Class “B” rents in submarket
• Most of appliances are “original”
• Generally, built within the last 30 years
• Dated exterior and interior amenity package
• Improvements show some age and need for maintenance
• Commands rents below Class “B” rents in submarket
• Most of appliances are “original”
Class D Multifamily
• Generally, over 30 years old, worn properties,
• Shorter remaining life for the system components
• Amenity package is not offered
• Minimal construction quality and condition
• Lower side of the market unit rent range
