The mechanism for the voluntary trading of the rights to use land and buildings; demand for space is created by those who are willing to pay for the use of space and supply for spa ...

A graphic representation of a tenant's space requirements, showing wall and door locations, room sizes, and sometimes furniture layouts.

An Investor in a fund that is an affiliate of the fund’s sponsor; generally used to receive promote or other carried interest distributions and typically has no capital commi ...

One or more experts that provide professional advice and recommendations across a specific asset class, such as real estate, to an individual or an organization for a fee.

The risk inherent to a particular investment or portfolio of investments that can be mitigated or reduced through diversification; also known as “diversifiable risk,” & ...

A pre-defined asset for investment.

Investment in individually specified properties or portfolios, or investment in commingled funds whose real estate assets are fully or partially specified prior to the commitment o ...

Any tenant space that has not been leased before the start of construction on a new building.

A measure of the dispersion of a data set from its mean, calculated as the square root of variance by determining the variation between each data point relative to the mean.

The rental obligation, expressed in dollars, as specified in a lease; also known as “contract rent” or “face rent”.