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.
An Environmental Site Assessment (ESA) is a report identifying potential or existing environmental contamination liabilities on a property, crucial for real estate due diligence and risk management.
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.
An executor is the individual or institution named in a will to manage the deceased's estate, pay debts, and distribute assets, including real estate, to beneficiaries.
Existing homes are properties that have been previously owned and occupied, distinguishing them from newly constructed properties. They represent the vast majority of real estate transactions and offer unique investment opportunities.
A farm lease is a contractual agreement between a landowner (lessor) and a farmer (lessee) that grants the farmer the right to use agricultural land for farming purposes in exchange for rent or a share of the crop.
Farmland investment involves buying agricultural land with the goal of generating income through farming operations, leasing to farmers, or benefiting from land value appreciation. It's considered a stable asset class, often acting as a hedge against inflation.
Fee simple is the highest and most comprehensive form of property ownership, granting the owner full, perpetual, and inheritable rights to the land and its improvements, subject only to governmental powers and private encumbrances.
Fix-and-flip is a real estate investment strategy where an investor buys an undervalued property, renovates it to increase its value, and then sells it quickly for a profit.
Fixed assets are long-term tangible assets, such as land, buildings, and equipment, that a real estate investor owns and uses for more than one year to generate income, rather than for immediate sale.
Flexible workspace refers to office environments that offer adaptable terms, layouts, and services, allowing businesses to scale their space up or down as needed without long-term commitments. This includes coworking spaces, serviced offices, and shared offices.
Food security is the reliable access to a sufficient quantity of affordable, nutritious food for all people at all times. For real estate investors, it signifies a critical socio-economic factor influencing property values, tenant stability, and investment opportunities in various sectors, from agricultural land to urban retail.
The for-sale market refers to the segment of the real estate industry where properties are actively listed and available for purchase by buyers, distinct from properties available for rent.
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