The market in which the reporting entity normally would enter into a transaction to sell the asset or to transfer the liability; the market in which the reporting entity normally e ...

Total income minus total expenses.  

A legal entity to create a series of investments between two investors.  It creates the infrastructure under which the investors can continue to invest without having to negot ...

A certain transaction between a retirement plan and a disqualified person that is prohibited by law; two general types of transactions are prohibited: transactions with parties in ...

Under Internal Revenue Code (IRC) Section 857(b)(6)(C) safe harbor provides that the term “prohibited transaction” does not include a sale of property that is a real es ...

A form of incentive fee compensation paid to a fund general partner in the form of an allocation of the profits of the fund, typically calculated as a set percentage of the profits ...

An evaluation of a commercial real estate asset based on a thorough inspection, including all improvements and all the systems of each building on the property; purpose of which is ...

A return based upon the property equity which consists of primarily cash invested in a property (at acquisition plus subsequent capitalized expenditures) plus recognized changes in ...

A visual representation of a commercial structure that shows the tenants on each floor, the square footage of each floor, when each tenant’s lease will expire, and other pert ...

A value opinion effective as of a specified future date; frequently sought in connection with projects that are proposed, under construction, or under conversion to a new use, or t ...