A measure of how much a return is unrealized. As the fund matures, the residual multiple will increase to a peak and then decrease as the fund eventually liquidates to a residual f ...

The remaining equity in a fund or property.

See residual multiple

Financial benefits flowing from an investment, typically expressed as an annual percentage of the amount invested.

The geometric average of the holding period yields to an investment portfolio (Investment Analysis and Portfolio Management, Seventh Edition (2003)). TWRs are commonly used in the ...

A fund level TWR (also referred to as account or portfolio level) is the aggregation of all of the investments made by the entity and the amounts earned or incurred which relate to ...

Investment level TWRs reflect the performance of a single investment or group of investments, whether that investment is wholly-owned or a joint venture. Investment level TWRs diff ...

Property level TWRs reflect the performance of an operating property or group of properties. The property level relates strictly to property operations and attempts to strip out al ...

Time-weighted net and unlevered return.

Zeitlich gewichtete Rendite, netto und nicht fremdfinanziert.