This is the process of a borrower being released from their debt obligation by exchanging the lien on the site with a suitable replacement collateral, which is usually treasury bonds. The replacement is anticipated to generate a...
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External Economies
These are the cost-cutting allowances recognized by industries within a particular location, often a city, that is predominantly due to the advantages of sharing inputs, infrastructure, and information possibly linked to a city's...
In arrears
A loan or service account is in arrears if at least one payment has been missed, assuming that regular payments were agreed upon.
Infill
This is the development of a partially developed, underdeveloped, or vacant parcel that is typically in close accessibility to or surrounded by areas that are extensively developed.
Closing
This is the period after a registration declaration is effective and the offerings start giving the underwriters enough time to receive the needed payment for securities. It typically lasts less than seven days.
Equity Market Capitalization
Also known as equity market cap, this measures the total market value of an equity market. It is calculated by adding the market capitalization of all companies included in the equity market. Doing this will get you the...
Clear Span
This is an architectural term describing an open area without any obstructions. It is distance between the two support beams. This distance in normally unsupported.
Delaware Statutory Trust
Used by real estate investors, the Delaware statutory trust is an ownership model wherein a separate legal entity is used to defer capital gains through taxes with the utilization of a 1031 tax-deferred exchange. Compared to...
Effective Rate
This is the actual rate charged over a calendar year after it takes into account different calculation methods.
Core
This refers to the 4 main property types: office, industrial, retail, and multifamily. These are multi tenanted, top quality properties that are usually situated in major urban areas. They are built within the last 5 years or...
