An internal rate of return (IRR) calculated using after-tax net cash flows.

A series of factors that determine if the GP has similar investment motivations as LP(s) and influenced by factors such as fee structure, allocation policies, investment exclusivit ...

The process of evaluating a property's environmental conditions, which may be relevant to assessing potential liability for any contamination.

With reference to attribution:  the value the manager adds by having different sector weights in the portfolio than the sector weights in the benchmark; a sector weight in the ...

A method of separating a whole property value into land and improvement components; the appraiser estimates replacement cost new, subtracts an appropriate amount for depreciation, ...

A method of separating a whole property value into land and improvement components, in which the appraiser develops proportions of land and improvement values for comparable proper ...

A method used to value land, in the absence of vacant land sales, by using a typical ratio of land to improvement value; also known as “land ratio method”.

A policy used by a General Partner to allocate investments to different investment vehicles in a fair manner when the investment vehicles do not have Exclusivity rights.  

A balance sheet contra-account linked with another account that has an opposite value to that account, and is reported as a subtraction from the linked account's balance.

The excess return of an investment relative to the return of a benchmark index; often considered the active return on an investment; gauges the performance of an investment against ...