1. Real estate investment is considered an asset class because it is a type of investment that is distinct from other asset classes, such as stocks, bonds, and commodities. Real estate assets include commercial, residential, and industrial properties, as well as land and development projects.

2. Investing in real estate can provide investors with a variety of benefits, including regular income through rental properties, appreciation in property values over time, and potential tax benefits. Real estate investments can also provide portfolio diversification as they are not directly correlated with other asset classes, providing investors with greater protection against market fluctuations.

3. However, real estate investment also comes with risks including liquidity, maintenance costs, market fluctuations, and local economic conditions. Therefore, investors should carefully consider their investment goals and risk tolerance before investing in real estate as an asset class.