These securities are backed by mortgages on commercial properties as opposed to residential real estate. They can provide liquidity to commercial lenders and real estate investors, and they can be more volatile and complex...
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flood insurance
This is a separate and special type of homeowner's insurance that protects against property loss resulting from flooding. It is especially required by lenders if the property is located within a designated flood plain. The best...
Drive-time Approach
This is a process wherein a trade area and sales or revenue have a potential of a rcenter or etail establishment are estimated based on the Central Place Theory and how far people would travel in order to obtain and purchase...
Capital
This is a company's or an organization's available financial resources. It can come from stocks, bonds, material assets such as equipment and buildings, and bank deposits. Companies can employ capital in order to generate wealth...
Gravity Model
This is utilized to report a variety of flow patterns within the human or economic systems. It is based on Newton's gravity equation in which the flow potential or gravity is directly related to the product of their masses and...
Consultant
This is an individual or a company that provides services to institutional establishments such as monitoring and reporting on property asset and reviewing specified property and portfolio investment opportunities. Compared to...
Covenant of Quiet Enjoyment
More commonly referred to nowadays as warranty of possession, a covenant of quiet enjoyment provides a warranty by the landlord that they have the legal ability to convey the possession of the premises to the tenant. The...
Community Center
This is a retail property containing a string of stores that offer a wide range of general merchandise, apparel, and furniture as well as discount retailers or department stores like Kmart and Target. A community center is...
Cost-approach improvement value
This is the measurment that determines an asset's value by taking the current cost to construct a replication or a substitution of an existing structure minus an estimate for accumulated depreciation plus the land's value.
Contiguous space
This is a block of space located on numerous adjoining floors in a building. It may also refer to multiple suites or spaces on the same floor and within the same building that can be rented or combined for a singular tenant.
