2007 NAICS Definition
This industry comprises establishments primarily engaged in managing real property for others. Management includes ensuring that various activities associated with the overall operation of the property are performed, such as collecting rents, and overseeing other services (e.g., maintenance, security, trash removal.)
Cross-References. Establishments primarily engaged in--
- Establishments primarily engaged in acting as lessors of real estate are classified in Industry Group 5311, Lessors of Real Estate; and
- Establishments formed on behalf of individual condominium owners or homeowners are classified in Industry 81399, Other Similar Organizations (except Business, Professional, Labor, and Political Organizations).