It refers to the total interior space available for tenant use, excluding common areas like hallways and lobbies.
MOIC is calculated by dividing the total cash flow received from an investment by the initial amount of invested capital.
A defeased bond is a bond that has been rendered essentially risk-free. This is done by setting aside sufficient assets in a trust to cover all future payments of principal and interest.
In real estate, "unsubordinated" refers to a debt or lien that holds priority over other claims on the same property.
In real estate, HTC often stands for Historic Tax Credit, a powerful tool for property owners and investors.
Protective covenants are legally binding agreements that aim to preserve property values and ensure a cohesive community appearance.
They set specific limitations on how a property can be used, directly affecting activities, development potential, and even aesthetic choices for homeowners.
Prime real estate typically refers to properties that are situated in desirable locations. They offer high investment potential due to factors such as excellent amenities and strong market trends.
The primary function of a single purpose entity is to isolate financial risk and secure the real estate asset it holds.
