<owl:Class xmlns="https://folio.openlegalstandard.org/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:v1="http://www.loc.gov/mads/rdf/v1#" xmlns:owl="http://www.w3.org/2002/07/owl#" xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:xsd="http://www.w3.org/2001/XMLSchema#" xmlns:folio="https://folio.openlegalstandard.org/" xmlns:rdfs="http://www.w3.org/2000/01/rdf-schema#" xmlns:skos="http://www.w3.org/2004/02/skos/core#" rdf:about="https://folio.openlegalstandard.org/RBU1z7AUARMHEr7RMR6feWY">
  <rdfs:subClassOf rdf:resource="https://folio.openlegalstandard.org/RUhSbbDJZa8Crs3tIWcIfV"/>
  <rdfs:label>Undeveloped - Real Estate Asset</rdfs:label>
  <skos:altLabel>Raw Land</skos:altLabel>
  <skos:altLabel>Undeveloped</skos:altLabel>
  <skos:altLabel>Vacant Land</skos:altLabel>
  <skos:prefLabel>Unimproved Property</skos:prefLabel>
  <skos:definition>An "Undeveloped Real Estate Asset" refers to parcels of land that have not yet been altered or improved for specific use. The associated legal matters typically involve zoning laws, land use rights, environmental assessments, and property taxation.</skos:definition>
</owl:Class>