Cash outlays necessary to operate and maintain a property, such as real estate taxes, property insurance, property management and maintenance expenses, utilities, and legal or acco ...

The partner that is responsible for operating the property and making daily decisions.  Usually the partner with a minority investment in a joint-venture agreement.  

Includes any asset which has been completed and/or placed into service for 12 months or is at least 60% leased, whichever occurs sooner  

The risk of loss resulting from inadequate or failed internal processes, people, and systems, or from external events.

The principle that the cost of a resource for one use is the value of the resource in its best alternative use.

Observations that have unusual values, that is, they differ markedly from a measure of central tendency.

In its broadest application, a form of discretionary investment consulting which comprises elements of policy formation, manager structure and selection, and performance monitoring ...

A practice of a firm hiring third-party labor to replace services previously performed in-house.

The additional rent (over a base amount) that is paid by tenants to owners on tenant sales over a specified dollar amount;  frequently found in retail leases; also known as &l ...

A commission fee paid to a broker as additional compensation.