Which of the following is classified as a direct real estate investment?

Single family dwellings are classified as a direct real estate investment because they involve the direct ownership of property. When an individual purchases a single-family home, they have full control over the asset, including all the rights and responsibilities that come with ownership. This type of investment allows the owner to derive income directly from rental payments or to gain from appreciation in property value over time.

In contrast, options like limited partnerships, syndicates, and REITs (Real Estate Investment Trusts) constitute indirect investments in real estate. In these cases, investors participate in real estate markets through partnerships or companies that manage investment portfolios, rather than owning the physical property outright. These structures can provide benefits such as diversification and liquidity but do not offer the same level of control as direct investments in real estate properties like single family dwellings.