What is Class C?
Older, lower-quality, or weaker-submarket assets with more deferred maintenance and higher risk. Trade at higher cap rates; can be attractive at the right basis and operated well.
Where you will use it: this term comes up in the Real Estate Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Real Estate Finance course by Devon Coombs, CPA, MBA.