What is the process called when multiple contiguous pieces of real property are combined into a single tract of land, often increasing value?

The process of combining multiple contiguous pieces of real property into a single tract of land is known as assemblage. This practice is particularly valuable because it can increase the overall marketability and value of the land. When parcels are combined, they may create a larger, more usable space for development or other purposes, which can make the property more attractive to buyers or developers.

This concept is important in real estate as it involves strategic planning for future use, potentially leading to enhanced economic benefits for the owner. For instance, a developer might seek to assemble several smaller parcels to create a larger site suitable for a commercial project, benefiting from economies of scale and efficient use of land.

Other terms in the choices refer to different processes. Subdivision involves dividing a single tract of land into smaller lots, while partition refers to the process of dividing property among co-owners. Consolidation may imply gathering resources or efforts but isn't the correct term specifically for combining land parcels.