clavon condo Property investment involves the acquisition, possession, control, rental or sale of property for gain. Development of real estate as a part of an overall real estate investment plan is normally regarded as part of the wider category of real estate investments called property development. Real estate improvements can include apartment complexes, townhouses, condominiums, commercial properties, residential properties, mobile homes, malls, warehouses, shopping facilities, and vacant property. Developing property involves many phases of implementation. In the preparation stage, the interested parties in real estate improvements are discussed and a strategy to implement the project is formulated.