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.

A profit distribution preference whereby profits, either from operations, sale, or refinance, are distributed to one class of equity before another until a certain rate of ret ...

A unit of change in an exchange rate of a currency pair; also known as “percentage in point”.  

The risk of a decline in the value of a security or an investment portfolio excluding a downturn in the market.

A geographic area containing the customers of a particular firm or group of firms for specific goods or services; encompasses 50 to 80 percent of a store's customers; the area ...