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.
Decommissioning costs are expenses incurred at the end of a property's useful life to dismantle, remove, or restore the site to a specified condition, particularly relevant for industrial, energy, or specialized assets with environmental or structural obligations.
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.
A deed is a legal document that formally transfers ownership of real property from one party (grantor) to another (grantee), serving as tangible evidence of title transfer.
Deed recording is the official process of filing a legal document, such as a deed, with the county recorder's office to provide public notice of property ownership transfer and establish legal priority.
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.
A development budget is a detailed financial plan outlining all anticipated costs for a real estate project, from land acquisition and construction to financing and project completion, serving as a critical tool for feasibility, funding, and cost control.
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.
Development potential refers to a property's capacity to be improved, expanded, or redeveloped for a higher and better use, thereby increasing its value and utility for real estate investors.
Digital nomad housing refers to real estate properties specifically designed or adapted to cater to the needs of remote workers who travel frequently, offering flexible lease terms, furnished spaces, and amenities conducive to productivity and community.
Direct ownership in real estate refers to an individual or entity holding legal title to a property, granting full control over its acquisition, management, and disposition. This method offers complete autonomy but also carries direct responsibility for all aspects of the investment.
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.
In real estate law, the dominant estate is the property that benefits from an easement over another property, known as the servient estate. It holds the right to use or access a portion of the servient estate for a specific purpose.
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