An apartment (building) is a residential structure containing multiple dwelling units, generally intended as rental housing, featuring common entrances and hallways.
Multifamily housing represents residential structures containing more than one dwelling unit within the same building, designed to accommodate multiple households. These types of properties range from smaller multi-unit buildings like duplexes to larger apartment complexes.
The National Apartment Association (NAA) serves as an advocate, resource, and essential figure in the multifamily housing industry, providing industry-specific education, best practices, and valuable resources for apartment rental stakeholders.
An organization that provides leadership for the apartment industry on legislative and regulatory matters, advances research and the exchange of strategic business information, and promotes the desirability of apartment living.
With over 3,000 definitions (and 30,000 Quizes!), our Lexicon of Real Estate Terms equips buyers, sellers, and professionals with the knowledge needed to thrive in the real estate market. Empower your journey today!