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Dark Space

Definitions

Any space or suite which is physically vacant or “dark”, but for which the tenant is still contractually obligated to pay rent; typically results from a tenant ceasing ...

Deadlock Provision

Definitions

A contractual clause or series of clauses in a shareholders' agreement or other form of joint venture agreement which determines how disagreements ...

Deal-by-Deal Carry (Waterfall)

Definitions

A distribution of Carried Interest in which the GP receives distribution of profits as investments are monetized through refinance or sale.  Gains from investments are not off ...

Defaulting Investor

Definitions

An investor in a fund that has breached the fund’s constituent documents, namely by failing to make a capital contribution when required pursuant to a capital call notice.

Deferred Maintenance

Definitions

Repairs and similar improvements that normally would have been made to a property but were not made to the property in question, thus increasing the amount of its depreciation.

Defined Benefit Pension Plan

Definitions

A company pension plan in which an employee's pension payments are calculated according to length of service and the salary they earned at the time of retirement with a sp ...

Defined Contribution Pension Plan

Definitions

A retirement plan in which the employee and/or the employer contribute to the employee’s individual account under the plan; the amount in the account at distribution includes ...

Delinquency Rate

Definitions

The percentage of loans within a financial institution's loan portfolio whose payments are delinquent.

Delivered

Definitions

The total square footage or number of properties in a particular asset class that have been completed (status changing from under construction to inventory) and received a certific ...

Demand Driver

Definitions

An element or force that influences the demand for goods and services in a given market area.

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