This is any major and permanent development or redevelopment to a property that will add to its value or extend its life. This can range from certain improvements such as elevator upgrades and roof replacement to complete overhauls such as the renovation of a lobby.
Capital Improvement
This is any major and permanent development or redevelopment to a property that will add to its value or extend its life. This can range from certain improvements such as elevator upgrades and roof replacement to complete overhauls such as the renovation of a lobby.
