Any tenant space that has not been leased before the start of construction on a new building.

A measure of the dispersion of a data set from its mean, calculated as the square root of variance by determining the variation between each data point relative to the mean.

The rental obligation, expressed in dollars, as specified in a lease; also known as “contract rent” or “face rent”.

A clause specifying set increases in rent at set intervals during the term of the lease.

Investment decisions made with a focus on long-term planning and implications.

An attached row of stores or service outlets managed as a coherent retail entity, with on-site parking usually located in front of the stores; open canopies may connect the storefr ...

The divergence of a fund from its investment style or objective.

An investment management firm that typically partners with an investment advisor to help with the day-to-day management of the fund; often provide specialized expertise in a specif ...

A debt financing obligation issued to a company or an individual by a bank or similar financial institution that is ranked behind that held by secured lenders in terms of the order ...

The process of sharing the risk of credit losses disproportionately among two or more classes of securities.