Global Definitions Database
The Global Definitions Database (GDD) is the leading global source of definitions for the non‐listed real estate sector.
Global definitions are an important step towards producing global standards and aligning the INREV Guidelines with the NCREIF PREA Reporting Standards. The GDD provides a common glossary of non-listed real estate terms. Many terms have been agreed to globally, while others are specific to Asian, European and North American standards, guidelines and data products. This has been indicated in the source.
A common set of terms is a critical component of the global standardisation initiative and our interactive online tool makes them easily accessible. This provides the industry with one unique depository of definitions that will help increase transparency and align the industry globally.
A time-weighted average of the net initial yield and reversionary yield, representing the return a property will produce based upon the timing of the ...
The estimated rental value as a percentage of gross property value.
The passing rent or net operating income divided by the gross property value including notional acquisition costs.
The Disposals Account is used to hold the proceeds of disposal of a Propertypending prepayment of Loans.
Obligor means the asset owning property company (Company) or a Borrower.
The percentage rate of interest charged by lenders over the relevant basis rate reflecting the credit quality of the collateral.