Real estate is an ASSET that can be bought, sold, or leased. It is a tangible ASSET that includes land and any buildings or structures on it. Real estate can be residential, commercial, or industrial. Residential real estate includes single-family homes, condominiums, townhouses, and other dwellings. Commercial real estate includes office buildings, retail stores, warehouses, and other properties used for business purposes. Industrial real estate includes factories, power plants, and other properties used for industrial purposes. Real estate can also include rights to use land, such as mineral rights, water rights, and air rights. Real estate is often seen as a long-term investment, as it can appreciate in value over time.