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Transparency

Definitions

The extent to which investors have ready access to required financial information about a company or investment, such as price levels, market depth and audited financial reports.

Treynor Ratio

Definitions

A risk-adjusted measurement of return based on systematic risk; indicates how much return an investment earned for the amount of risk the investment assumed.

Triple Net Lease (NNN)

Definitions

A lease that requires the tenant to pay all expenses of the property being leased in addition to rent; typical expenses covered in such a lease include taxes, insurance, maintenanc ...

Truth in Securities Law

Definitions

A US federal law designed to protect investors after the stock market crash of 1929; requires that investors receive financial and other significant information concerning securiti ...

Turn Key Project

Definitions

The construction of a project in which a third party is responsible for the total completion of a building, or for the construction of tenant improvements to the customized require ...

Umbrella Partnership Real Estate Investment Trust (UPREIT)

Definitions

Organizational structure where a REIT's assets are owned by a holding company for tax purposes.

Uncalled Capital Commitment

Definitions

The portion of an investor’s capital commitment that is unfunded and may be subject to a capital call, excluding any amounts subject to a pending capital call that have not y ...

Understored Trading Area

Definitions

A geographic area that has too few stores selling a specific good or service to satisfy the needs of its population.

Undiversifiable Risk

Definitions

The risk inherent to the entire market that cannot be mitigated or reduced through diversification; also known as “market risk,” “non-diversifiable risk,” o ...

Units of Comparison

Definitions

The components into which a property may be divided for purposes of comparison.

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