A study of a property and its surrounding area to determine whether there are any hazards to the environment and human health triggered when a Phase I Environmental Site Assessment ...

A study of a property and its surrounding area to determine whether there are any hazards to the environment and human health triggered by the confirmation of environmental contami ...

The reduction in a property’s value due to gross mismanagement and physical neglect resulting in deferred maintenance; however, physical deterioration in itself is not a form ...

An intermediary who raises capital for investment funds; professional placement agents are required to be registered with the securities regulatory agency in their jurisdiction, su ...

See “Commingled Fund”  

A single transaction involving the sale of multiple buildings or companies.

The cost of borrowed funds is less than the free and clear internal rate of return (IRR) on the property.

The sum of potential gross rent and miscellaneous income; the income from rent and other sources that a property could generate with normal management, before allowing for vacancie ...

The total rent a property would produce if 100 percent occupied at market rent.

A financial obligation that has priority over other types of debt.