The process of improving, remodeling and/or rehabilitating a real estate asset in order to enhance its intended function, extend the period of usage and increase value and/or relat ...

Operational real estate assets that are completed and lettable and not in the course of, or held for, development.

A component of a lease agreement that is used to establish future rent increases or decreases at stated intervals during a longer-term lease agreement. Also known as “step re ...

The designated organization to establish and improve standards of state and local governmental accounting and financial reporting that will result in useful information for users o ...

GAAP are the standards, conventions, and rules that accountants follow in recording and summarizing transactions and in preparing financial statements. GAAP, measured at fair value ...

The foundational standards for fair value accounting used to report by the institutional real estate investment community to both tax-exempt investors (e.g. pension funds) as well ...

The Financial Accounting Standards Board is the independent, private- sector, not-for-profit organization, that establishes financial accounting and reporting standards for public ...

Changing the use of the building through a combination of renovations, improvements and use in order to change its market positioning, typically to add value to the property.

Stabilisation is a relative term and it is dependent on the condition to which it relates. When using this term, it is therefore important to specify the context (e.g. development, ...

It is a rental payment which is triggered by meeting a certain condition precedent defined in the lease agreement.