This measure is employed to represent the market value of a property. It includes equity and debt positions, but it excludes closing or acquisition costs.
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Blockbusting
This illegal practice causes homeowners in a neighborhood to sell their properties by making representations of the prospective entry of members of a minority group--of a different race or national origin in particular--into the...
Gross Absorption
This is the total square footage that is leased over a specific period with no concern for the space vacated in the same topographical area during a span of time.
Bundle of rights
Often provided to a real estate buyer in the process of a title transfer, a bundle of rights is a set of privileges that includes the right of occupancy or possession, the right of control, the right of enjoyment, the right of...
Exclusive agency listing
This is an agreement, usually written, between a property owner and a real estate broker where it is stated that the owner pledges to pay a commission or fee to the broker if a certain real estate property is leased during the...
Government Incentives
These are the steps taken by a regional or local government to entice investment dollars or firms to a specified locality. They are done to promote the economic growth of that area and encourage development.
Flex space
This is a building that allows different arrangements providing occupants with a flexible amount of showroom or office space and a combination of manufacturing, laboratory, distribution, and other kinds of facilities.
Contingency Cost
Contingency cost is an aproximated number set aside by the contractor or developer. This accounts for any unspecified risks associated with a particular project. Contingency costs cover unknown expenses that the contractor...
CMO (collateralized mortgage obligation)
This is a kind of complex debt security containing a number of mortgages packaged together or sold as a investment. CMOs obtain cash flow as their borrowers repay mortgages that then act like a collateral for this kind of...
Ginnie Mae
Otherwise known as the (GNMA) Government National Mortgage Association that was created in 1968, Ginnie Mae was created as a fully owned corporation within the (HUD) Department of Housing and Urban Development. Instead of loaning...
