Different types of real estate properties including residential, commercial, industrial, and land investments.
Master property types & classifications with our progressive approach
Foundation terms you need to know first (60 terms)
Development costs are all the expenses incurred during the process of acquiring land, designing, constructing, and preparing a real estate project for use or sale, from start to finish.
An office building is a commercial property designed for businesses to conduct administrative, professional, or commercial operations, offering spaces for work and meetings.
A retail center is a commercial property designed for various retail businesses, ranging from small strip malls to large shopping centers, providing goods and services to consumers.
An industrial warehouse is a large commercial building used for storing, manufacturing, or distributing goods and materials, serving as a critical link in the supply chain for various industries.
Real assets are physical, tangible investments such as real estate, commodities, and infrastructure, valued for their intrinsic properties and often used as an inflation hedge and portfolio diversifier.
Complex strategies and professional concepts (12 terms)
Build-to-Rent (BTR) refers to residential communities, typically single-family homes or townhouses, that are purpose-built by developers specifically for rental rather than for sale, offering a professionally managed, amenity-rich living experience.
Brownfield redevelopment involves the acquisition, remediation, and revitalization of properties that are contaminated or perceived to be contaminated, often due to past industrial or commercial use. It transforms environmentally challenged sites into productive assets, contributing to urban renewal and sustainable development.
Land improvements are depreciable additions to land that enhance its utility and value but are separate from the land itself. These assets, such as fences, driveways, and utility systems, have a limited useful life and are subject to specific accounting and tax treatments.
Held for Sale Classification is an accounting designation for non-current assets or disposal groups whose carrying amount will be recovered primarily through a sale transaction rather than through continuing use, requiring specific criteria to be met under GAAP and IFRS.
An STR Pro Forma is a detailed financial projection and analysis tool used to evaluate the potential profitability and performance of a short-term rental property, incorporating dynamic pricing, seasonal occupancy, and higher variable operating expenses.
Agricultural real estate refers to land and any associated structures primarily used for farming, ranching, timber production, or other agricultural purposes. It represents a unique investment opportunity focused on food production and natural resources.
An asset class is a group of investments that share similar characteristics and behave similarly in the market. In real estate, it categorizes properties like residential, commercial, or industrial, each with distinct risk and return profiles.
Average Daily Rate (ADR) is a key performance indicator (KPI) that measures the average rental income generated per occupied room or unit per day, primarily used in the hospitality and short-term rental industries.
A Brownfield site is a property that has been previously developed, often for industrial or commercial use, and may have real or perceived environmental contamination that complicates its reuse or redevelopment.
A clear title signifies undisputed legal ownership of a property, free from any liens, claims, or other legal encumbrances, ensuring the seller has the full right to transfer ownership to a buyer.
A condominium is a privately owned individual unit within a larger building or community, where the owner also shares ownership of common areas and facilities managed by a Homeowners Association (HOA).
A dedicated desk is a specific, assigned workspace within a coworking office that is reserved exclusively for one individual or team, offering more stability and personalization than a hot desk.
Demographics are statistical data about a population, such as age, income, and household size, used by real estate investors to understand market demand and make informed investment decisions.
Development costs are all the expenses incurred during the process of acquiring land, designing, constructing, and preparing a real estate project for use or sale, from start to finish.
A distressed property is real estate facing financial, physical, or legal challenges, often sold below market value due to owner pressure or lender action, offering potential for investor profit.
A duplex is a residential building containing two separate living units, each with its own entrance, kitchen, and facilities, often used by investors for rental income or "house hacking."
An Equity REIT (Real Estate Investment Trust) is a company that owns and operates income-producing real estate, allowing individual investors to invest in large-scale property portfolios without direct ownership or management.
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