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Real estate investment is the purchase, sale and management, as well as improvement, financing, and management of real estate assets to earn personal profit. Improvement of real estate properties as a part of a real estate venture is generally considered to be a subset of real estate investments, also known as real estate development. Other kinds of real estate investment that are commonly discussed include commercial real estate investments and residential real estate investments and single-family real estate investment and multiple unit rentals in real estate. These different real estate investment strategies can further be subdivided into fixed assets, distressed investments, growth areas real estate investments, as well as other specialty real estate investments.