Independent firm engaged to rate the creditworthiness of securities for the benefit of investors.

A company that owns or finances income-producing real estate.  It may or may not be traded in the public markets and must meet a series of requirements regarding cash flow and ...

The period between the two latest highs or lows of a common benchmark; refers to trends or patterns that emerge during different business environments; often has four distinct phas ...

The risk of financial losses due to economic volatility associated the real estate market cycle.

Any individual or combination of individuals, labor unions, joint apprenticeship committees, partnerships, associations, corporations, legal representatives, mutual companies, join ...

Consists of the interests, benefits, and rights inherent in the ownership of land plus anything permanently attached to the land or legally defined as immovable; the bundle of righ ...

A term used to identify environmental liability within the context of a Phase I Environmental Site Assessment (ESA); indicates the presence or likely presence of any hazardous subs ...

With reference to valuation:  the final step in the valuation process wherein consideration is given to the relative strengths and weaknesses of the three approaches to value, ...

A legal agreement by which the lender has the legal right to collect pledged collateral in the event that the borrower is unable to satisfy debt obligations. Recourse lending provi ...

Costs which are paid back to a landlord by a tenant; generally includes property taxes, property insurance, maintenance and repair costs, and other operational expenses; at the end ...