The secondary tranche of an asset backed security (ABS) or other structured financial product; a B note carries a higher risk and potential higher return when compared to the inves ...

An exception to the non-recourse nature of a loan that provides for a loan party to have full or partial personal recourse liability for the loan in the event certain events occur, ...

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 ...

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

A universe of similar investments by competing managers or investors, measured from the same inception date.

The formal (quantitative) comparison of a given investment agent’s (or portfolio’s) investment performance with that of a suitably defined index or peer group over a sp ...

A measure of the volatility (or systematic risk) of an investment or a portfolio in comparison to the market as a whole.

A range of money that an investor looks to commit to each investment vehicle in which it invests.

A commingled fund accepting investor capital without prior specification of property assets or investments.

A geographic area containing the customers of a particular firm or group of firms for specific goods or services based upon census block groups (BGs).