Real Estate - answer✔✔Land and any improvements on it. Can be thought of as a bundle of legal
rights or a bundle of assumptions.
Commercial Real Estate - answer✔✔Refers to income-producing properties as opposed to
single-family homes, which is referred to as residential real estate.
Asset - answer✔✔A useful or valuable thing such as real estate.
Asset Class - answer✔✔A grouping of a similar type of investment.
Tangible - answer✔✔Describes something that you can touch.
Illiquid - answer✔✔Buildings being difficult, or taking a long time to sell and transact.
Lease - answer✔✔A contract by which one party conveys the use of land or space in a building
to another for a specified time in return for periodic payment/rent.
Credit Tenant - answer✔✔A term used to describe a tenant's financial strength and thus the
likelihood that they will make payments.
Revenue - answer✔✔Income in the form of rent payments.
NIMBY - answer✔✔Not in my backyard, refers to pushback some developers receive from the
neighboring community.
YIMBY - answer✔✔Yes in my backyard, the neighboring community that supports
development or density.
Capital - answer✔✔Money, typically in the form of debt or equity.
Equity - answer✔✔Invested money that is typically not guaranteed, but results in more reward
for the investor. Also refers to the owner or group of owners in real estate.
Debt - answer✔✔Borrowed money that must be returned with a predetermined interest rate that
is typically guaranteed by the developer.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Thebright. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
