This refers to the major property types: retail, office, multifamily, and industrial. These properties are typically built within the past five years or have just been recently renovated. Core properties generate a robust and...
Latest Posts
Equity Value
This is the value of a company's loans and shares that the shareholders have made accessible to the business. Equity value is calculated by adding the enterprise value to non-operating assets or redundant assets and subsequently...
Forfeiture
Forfeiture is the loss of property or privilege due to an individual breaking the law. In the event of one, the government has the power to seize and sell the property at auction before the owner has been allowed the due process...
Demised Premises
These are parts of a premises or real estate that have been moved by lease. In comparison, retained parts are not transferred but are retained by the landlord. Demised premises are typically the parts of the property that a...
Core Area
Measured in square feet, this is the calculation of the common area plus its vertical penetrations in a building. It is usually expressed as a percentage of net rentable area. The core area can be computed for an entire building...
Fixed Lease
This is a lease wherein the lessee pays a fixed rental amount for the full span of the lease.
The Importance of Grit in the Investment Industry
Entity—level Direct JV
This is the act of an investor investing at entity level, which means they are either taking a non-securitized ownership position in the operating company or investing in the securities of the operating company.
Cash Proceeds From Sale
Also known as sales proceeds after tax, cash proceeds from sale is the sale price less sales costs, tax liability on sale, and mortgage balance.
Deed
This is a written and legal document that underlines the transfer of a title to real property or an asset from the seller to the buyer upon the sale of the property or asset. Compared to a title, a deed proves that the holder has...
