Specialty properties are unique real estate assets that serve specific purposes and cater to niche markets. Examples include medical offices, self-storage facilities, and data centers. These properties often require specialized knowledge for management and investment due to their distinct operational needs and tenant requirements. Investing in specialty properties can offer potential benefits, such as higher returns and reduced competition compared to traditional real estate. However, they also come with risks, including market volatility and the need for specialized expertise. Understanding the specific demands of each type of specialty property is crucial for successful investment.