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 (10 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.
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.
The Covenant of Seisin is a legal promise in a deed, typically a general warranty deed, by which the grantor assures the grantee that they own the property being conveyed and have the legal right to transfer it.
Construction costs encompass all expenses incurred during the building or renovation of a real estate project, including materials, labor, permits, and professional fees. These costs are critical for determining project feasibility and profitability.
A construction loan is a short-term, interim financing option used to cover the costs of building a new property or undertaking significant renovations, with funds disbursed in stages as construction progresses.
A construction project in real estate involves the systematic planning, design, financing, and execution of building new structures or significantly renovating existing ones, typically for investment or development purposes.
Core real estate refers to low-risk, stabilized, income-generating properties in prime locations with high occupancy rates and strong credit tenants, offering predictable cash flow and moderate appreciation.
Corporate housing refers to fully furnished, temporary rental properties, typically leased by companies for employees on business trips, relocations, or extended assignments, offering a cost-effective and comfortable alternative to hotels.
Corporate relocations involve businesses moving their operations, headquarters, or significant divisions to a new geographic area, profoundly impacting local real estate markets by shifting demand for residential, commercial, and industrial properties.
A real estate valuation method that estimates a property's value by summing the cost to replace or reproduce its improvements, subtracting accrued depreciation, and adding the value of the land.
The Covenant of Seisin is a legal promise in a deed, typically a general warranty deed, by which the grantor assures the grantee that they own the property being conveyed and have the legal right to transfer it.
Covenants, Conditions, and Restrictions (CC&Rs) are legally binding rules governing property use and maintenance within a specific community, established by a developer or HOA to maintain standards and property values.
Coworking market analysis is a comprehensive study of the supply, demand, and competitive landscape of flexible office spaces within a specific geographic area, crucial for identifying viable investment opportunities and developing effective operational strategies.
The coworking occupancy rate measures the percentage of available workspace in a coworking facility that is actively utilized over a specific period, directly impacting revenue and operational efficiency.
Coworking property valuation is the specialized process of assessing the market value of flexible workspace assets, considering their unique operational models, revenue streams, and market dynamics distinct from traditional commercial real estate.
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