Global Definitions Database

Access, learn and discover all terms related to the non-listed real estate sector.

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Market Participants

Those buyers and sellers transacting business in the principal market for an asset or liability; they are not related parties, have a reasonable understanding of the asset or liability, are capable of entering into a transaction to buy or sell the item, and are motivated to do so.

Source: NCREIF | Date: 09 September 2025 | ID: D1283 | Version: 1