This industry comprises establishments primarily engaged in acting as lessors of buildings used as residences or dwellings, such as single-family homes, apartment buildings, and town homes. Included in this industry are owner-lessors and establishments renting real estate and then acting as lessors in subleasing it to others. The establishments in this industry may manage the property themselves or have another establishment manage it for them.

Cross-References.

Establishments primarily engaged in managing residential real estate for others are classified in U.S. Industry 531311, Residential Property Managers.

For the 2007 Economic Census, the 2007 Survey of Business Owners, and the 2007 Economic Census of Island Areas, real estate investment trusts (REITS) are included in Industry Group 5311, Lessors of Real Estate, based on primary type of real estate property leased. However, for the 2002 Economic Census, the 2002 Survey of Business Owners, and the 2002 Economic Census of Island Areas, the equity REITs were classified in Subsector 525, Funds, Trusts, and Other Financial Vehicles.