A subjective division of buildings by desirability among tenants and investors; generally older buildings that offer space without amenities; average to below-average maintenance a ...

An ownership interest in an investment alongside a fund, typically by an investor in the fund but also potentially by an investor not invested in the fund; When two or more pension ...

An investment partnership or insurance company separate account that enables two or more pension funds to co-invest their capital in a single property or portfolio of properties; t ...

A property or asset that a borrower pledges to a lender in the event of default.

A deposit or securities account into which collateral in the form of capital contributions is deposited and over which a lender has a perfected security interest.

A specific class of commercial mortgage backed security issued against a pool of mortgages pass-through securities for which the cash flows have been allocated to different classes ...

A deduction from potential gross income due to current or expected future space not rented due to tenant turnover and/or loss from uncollected rent due from delinquent tenants.

A term often used to refer to any income-producing real estate, including multifamily.

The areas of a building (and its site) that are available for the nonexclusive use of all its tenants, such as lobbies, corridors, and parking lots.

Charges paid by a tenant for the upkeep of areas designated for use and benefit of all tenants; tenants usually pay as determined by a negotiated agreement or the tenant’s pr ...