Different types of real estate properties including residential, commercial, industrial, and land investments.
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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.
Remote work trends refer to the widespread adoption of working from outside a traditional office, significantly impacting real estate demand, property types, and investment strategies across residential, commercial, and industrial sectors.
Rentable Square Footage (RSF) is the total area a commercial tenant pays rent on, encompassing their exclusive usable space plus a proportional share of the building's common areas.
A rental listing is an advertisement for a property available for rent, providing essential details to attract potential tenants. It typically includes the rent price, property features, and tenant requirements.
The rental market refers to the supply and demand for rental properties in a specific geographic area, influencing rent prices, vacancy rates, and investment opportunities for landlords.
A rental property is real estate purchased with the intent to generate income through tenant rent payments and potential property value appreciation.
Rental supply refers to the total number of available residential or commercial properties for rent within a specific market at a given time, influencing rental rates and vacancy rates.
Replacement cost is the estimated expense to construct a new property with similar utility and function to an existing one, using current materials, labor, and construction standards, excluding the value of the land.
Residential real estate refers to properties used for housing, including single-family homes, multi-family units, condos, and townhouses. It's a popular investment for rental income and appreciation.
A restrictive covenant is a legally binding condition that limits how a property owner can use or develop their land, typically established by a developer or homeowners' association and recorded in public records.
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.
Revenue Per Available Room (RevPAR) is a key performance indicator (KPI) in the hotel industry that measures a hotel's ability to fill its available rooms and generate revenue from them, calculated by multiplying average daily rate by occupancy rate.
Revenue Per Square Foot (RPSF) is a financial metric used in real estate to measure the income generated by a property relative to its total usable square footage, providing insight into its operational efficiency and value.
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