Though he shies from publicity, you might have heard of the demure Donald Trump. He's a wealthy commercial real estate developer, the son of a wealthy commercial real estate developer and the father to wealthy real estate developers. (For more, see: Donald Trump and His Worth.)
So what do commercial real estate developers do when they aren't firing people on their reality TV shows or tending to their awesome yellow comb-overs? We spoke to some industry experts to find out.
Commercial real estate — comprised of office space, hotels, retail space, industrial property, land and multi-family homes — is one of the three main types of real estate, along with residential and industrial. Owners of commercial real estate, say a gas station or strip mall, make money through appreciation when they sell, but they can also pull in revenue via rent they collect from tenants. (For more, see: Find Fortune in Commercial Real Estate.)
Read Full Story: Commercial Real Estate 101
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