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.
Revenue Per Square Foot (RPSF) for coworking measures the total revenue generated by a coworking space divided by its total usable square footage, providing a key metric for operational efficiency and profitability analysis in flexible workspaces.
A roof system is the complete assembly of components that covers the top of a building, providing protection from weather and contributing to its structural integrity and value.
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.
A geographical area managed by a local government entity responsible for public education, significantly impacting property values, rental demand, and investor decisions in real estate.
A servient estate is a parcel of land that is burdened by an easement, meaning it must allow another property owner (the dominant estate) to use a portion of it for a specific purpose.
A shared desk is a non-dedicated workspace in a coworking or flexible office environment, used by different individuals at different times, often on a first-come, first-served basis. It offers flexibility and cost savings compared to traditional office leases.
A flexible office arrangement where multiple workers use a single physical workstation at different times, rather than each having a dedicated desk. This model optimizes space utilization and reduces overhead costs for businesses.
A property rented out for short periods, typically less than 30 days, to guests for temporary stays, often managed through platforms like Airbnb or Vrbo.
Short-Term Rental (STR) insurance is a specialized policy designed to protect property owners who rent out their residential properties for short durations, typically less than 30 days, covering unique risks like property damage, liability, and loss of income associated with commercial use.
A Short-Term Rental (STR) Ordinance is a local law or set of regulations enacted by municipal or county governments to govern properties rented out for short periods, typically less than 30 days. These ordinances address community concerns, public safety, and taxation related to short-term rental operations.
A Single-Family Home (SFH) is a detached residential property designed for one household, typically on its own land, offering privacy and direct ownership of the structure and lot. It's a popular asset for real estate investors seeking rental income and appreciation.
Site acquisition is the process of identifying, evaluating, negotiating, and purchasing land or existing property for a specific real estate development or investment purpose. It's the crucial first step in any real estate project, laying the groundwork for future success.
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