Developers get land and integrate it with other properties (called assembly) and rezone it so they can increase the density and increase the value of the home. Residential realty includes housing for people, households, or groups of people. This is the most common type of estate and is the property classPossession Class that many people are familiar with. Within residential, there are single-family houses, apartment or condos, condos, townhouses, and other types of living arrangements. Business property refers to land and buildings that are utilized by organizations to perform their operations. Examples include going shopping malls, individual shops, office complex, parking lots, medical centers, and hotels.