You can link Revit Architecture, Revit Structure, and Revit MEP models.
Linking models is primarily intended for linking separate buildings, such as those that compose a campus. For example, the following site plan shows 4 building models linked to one model.
When you link a model into a project, Revit opens the linked model and keeps it in memory. The more links a project contains, the longer it can take to open.
Linked models are listed in the Revit Links branch of the Project Browser.
You can convert linked Revit models to groups, and you can convert groups to linked Revit models. See Converting Groups and Linked Models. You can also mirror linked Revit models. See Mirroring Elements.