This is a tenant who retains ownership of the leased premises after the expiration of a lease.
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Fair market value
Also referred to as FMV, it is the value that an asset could sell for once it's out in the general market. It represents the price of an asset when certain conditions are met: the parties involved are knowledgeable of all the...
Construction Documents
These put into detail the development project of the architect after the design development phase of the entire design process. Construction documents (CD) consider the finalized building design and provide definitive details on...
Exchange
Like property that is used in a business or trade or could be an investment can be a tax-deferred exchange. This is stated under Section 1031 of the Internal Revenue Code. Under a 1031 exchange, real estate can be traded for...
CUSIP (Committee on Uniform Securities Identification Procedures)
CUSIP provides a CUSIP number for each class of security that is approved for trading in the United States. A CUSIP number is a unique non-character alphanumeric identifier assigned to each series of securities.
Expropriation
Can also be referred to as eminent domain, expropriation is the power of private persons or corporations, municipalities, and states possess that allow them to exercise functions of public charter in order to obtain private...
Going-in capitalization rate
This is the capitalization rate that is calculated by dividing the first year's projected net operating income by the value of the property.
Who You Are Matters as Much as What you do
Hello, this is Richard C. Wilson CEO of the Family Office Club in New York City. I was at lunch break where we’re having our workshop here at the Harvard Club. We had a guest speaker, Clint Arthur who’s talking about...
Convertible debt
This allows the lender to choose whether or not to translate to a full or partial ownership position in a property within a specific period.
Fixed Costs
These are the costs that do not undergo any change or fluctuation based upon the property's level of sales or production. An example of this cost is rent.
