Also referred to as the FHA, this is a fully owned government corporation that was established to provide a home financing system through insurance of mortgages, improve housing standards and conditions, and stabilize the...
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Face rental rate
This is the quoted base rate for rentals before rent increases or incentives. It is the asking price that landlords typically publish. It may not or may include building expenses as it depends on whether the rent is quoted as net...
Endowment
This is a fund comprised of bequests and gifts. Endowments are subject to a requirement that the principal is kept intact and invested so as to create a source of income for an individual or organization. An example of this is an...
Basic Employment
This is any employment bringing new or additional income, and it is considered to be export-driven or export-oriented. It involves activities that create income from the sales of products and services in markets outside that of...
Cost-approach land value
This is the estimated worth of the fee simple interest in the land as if vacant and available for development to its best use.
Buy Online and Pick up in Store (BOPIS)
An example of an omnichannel retail experience, BOPIS refers to the practice of buyers browsing and buying items online and later picking them up at the shop's physical store. This method allows retailers to blend the online and...
Debenture
This refers to bonds that are issued without security—in short, an unsecured loan. These are typically backed by general credit as opposed to a specific asset. Debentures rely on the reputation and creditworthiness of the issuer...
Contractor Controlled Insurance Program (CCIP)
This refers to an all-encompassing insurance policy that normally covers workers' compensation, general liability insurance, and excess liability insurance for contractors and subcontractors on a particular construction project...
Breakeven Occupancy
One of the less frequently used ratios in commercial real estate is the breakeven occupancy. It is a metric for operators, lenders, and developers to determine when a particular property shifts from an operating deficit to an...
Go Dark
Included in a retail tenant's lease, go dark is a clause that permits a tenant to stop operations on a property should a specified event occur. An example of such an event is the departure of an anchor tenant.
