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Franklin Properties owns and operates multi - family commercial real estate properties. Currently, Franklin Properties has over 1 , 0 0 0 units under management.

Franklin Properties owns and operates multi-family commercial real estate properties. Currently, Franklin Properties has over 1,000 units under management. The companys most recent acquisition was a 250-unit multi-family property. The acquisition was attractive to Franklin Properties because the former owners had been leasing the units at about 93 percent of market and had priced the property for sale accordingly. Franklin Properties management believes it can gradually increase lease rates to market and create value for its investors.
What multi-family housing subcategory does the most recent acquisition by Franklin Properties represent?

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