Residential real estate in the context of "The Trump Organization"

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⭐ Core Definition: Residential real estate

A residential area is a land used in which housing predominates, as opposed to industrial and commercial areas.

Housing may vary significantly between, and through, residential areas. These include single-family housing, multi-family residential, or mobile homes. Zoning for residential use may permit some services or work opportunities or may totally exclude business and industry. It may permit high density land use or only permit low density uses. Residential zoning usually includes a smaller FAR (floor area ratio) than business, commercial or industrial/manufacturing zoning. The area may be large or small.

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👉 Residential real estate in the context of The Trump Organization

The Trump Organization, Inc. is an American conglomerate. Privately owned by Donald Trump, it consists of most of Trump's business ventures and investments, with around 250 of its affiliates and subsidiaries using the Trump name. Donald Trump joined the organization in 1968, began leading it in 1971, renamed it around 1974, and handed off its leadership to his children in 2017 after he won the 2016 United States presidential election.

The Trump Organization, through its various constituent companies and partnerships, has or has had interests in real estate development, investing, brokerage, sales and marketing, and property management. Trump Organization entities own, operate, invest in, and develop hotels, residential real estate, resorts, residential towers, and golf courses in various countries.

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Residential real estate in the context of Silverstein Properties

Silverstein Properties Inc. is an American family-held, full-service real estate development, investment and management firm based in New York City. Founded in 1957 by Chairman Larry Silverstein, the company specializes in developing, acquiring, and managing office, residential, hotel, retail, and mixed-use properties. The firm is New York City's fifth-largest commercial landlord.

Silverstein Properties' real estate business has been one of the largest investors in New York City real estate over the past fifty years, having developed, owned and managed more than 40 million square feet of office, residential, hotel and retail properties including the new World Trade Center, 30 Park Place (Four Seasons Private Residences New York Downtown), 120 Wall Street, Equitable Building, and Americas Tower.

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