How big is a "medium-sized" apartment complex?
I had someone use this term with me recently and it seemed too vague to be meaningful. Is there a standard of some sort based on number of units, PGI, or something like that? What would be considered a small, medium, and large apartment complex? 
[{"id": "d7698yl", "text": "Completely subjective, but I would say &lt;100 is small; 100-300 is medium; 300-600 is large; 600-1,000 is XL; &gt;1,000 is XXL", "replies": [{"id": "d76bhj4", "text": "Thanks. I can work with those numbers.", "replies": [], "depth": 2}, {"id": "d7bctea", "text": "Is there such a thing as &gt;1k units? What is that even like?", "replies": [], "depth": 2}], "depth": 1}, {"id": "d76yzac", "text": "Probably 50 to 200-250 units. There are big economies of scale around the 250 unit mark, which is the intensity that most merchant builders develop at. On the small side it would be anywhere from 4 to 50, but if you start looking at a lot of them you start to see a difference pricing and investment quality (per unit). The different tiers are usually owned by different types of investors looking for different transaction sizes.", "replies": [], "depth": 1}, {"id": "d7ji4m9", "text": "Approx 300 units", "replies": [], "depth": 1}]