For a property, the result of calculating the effective rental income, plus other income not affected by vacancy, less total operating expenses, less annual debt service, funded re ...

Small, relatively permanent statistical subdivisions of a county or equivalent entity that are updated by local participants prior to each decennial census; generally have a popula ...

A document issued by a local government agency, certifying that a building meets certain requirements and codes that indicate its fitness to house tenants; these requirements diffe ...

The geometric compounding of returns by taking returns over a single-holding period and combining or linking those returns over multiple periods, resulting in the cumulative return ...

A subjective division of buildings by desirability among tenants and investors; generally high quality, well designed, using above-average materials, workmanship, and finish; sough ...

A subjective division of buildings by desirability among tenants and investors; generally offer useful space without special attractions; have functional layout and design, though ...

A subjective division of buildings by desirability among tenants and investors; generally older buildings that offer space without amenities; average to below-average maintenance a ...

An ownership interest in an investment alongside a fund, typically by an investor in the fund but also potentially by an investor not invested in the fund; When two or more pension ...

An investment partnership or insurance company separate account that enables two or more pension funds to co-invest their capital in a single property or portfolio of properties; t ...

A property or asset that a borrower pledges to a lender in the event of default.