- Class A Properties are often newer (likely built in the past 3-4 years), tend to have higher end finishes, amenities can include pools, fitness centers, clubhouses, etc and usually cater to higher end tenants who can afford to pay more in rent.
- Class B Properties are usually occupied by working class people, such as teachers, public safety workers, government workers, healthcare workers, etc. These properties are usually less than 20 years old and built with mid grade finishes. These properties can be found in close in proximity to good schools, jobs, and local amenities.
- Class C Properties are often occupied by labored workers, such as the service industry, construction, hospitality, etc. These properties are typically older than 20 years and can have great potential to add value to the property to renovate and make them look like new.
- Class D Properties are typically in rougher neighborhoods, sometimes called war zones. These properties are also generally very poorly run – vacancies are very high, the property is in significant disrepair, etc.
October 17, 2021