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Content: These two terms are not the same and shouldn’t be treated as such. A real estate property class refers to the characteristics of a real estate investment and is often categorized as Class A, B, or C. These classifications were developed by real estate investors, lenders, and brokers to provide a means to communicate and rate the quality of the property quickly. There are no set guidelines that define these ratings and often there may be some disagreement on a particular asset. The real estate asset class, on the other hand, is broken down into two main property types: commercial and residential. Below is a detailed breakdown of the different types of both residential and commercial real estate. Residential Real Estate 
Residential property is simply real estate for living. It includes single-family homes, townhouses, condos, and vacation houses. Residential real estate properties are considered an investment if the asset is not owner-occupied, and it is owned for financial gain—either via rent or the appreciation in value. As you may have guessed, there are a variety of property types that fall under the residential real estate property type.