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Refurbishment

Definitions

Renew or restore an existing building to a better technical condition and/or appearance.

Acquisition

Definitions

Purchase of an interest in an asset in exchange for consideration paid.

Vehicle Documentation

Definitions

The key documents, including their annexes, establishing a contractual framework of how the Vehicle will operate and the significant legal rights and obligations of the parties ent ...

Inception date

Definitions

The date on which the vehicle commenced operations

Amortization Period

Definitions

Number of months used to calculate the amount of monthly payments for principal and interest which could be longer than the loan term.

Market Vacancy

Definitions

Current vacancy rate for the market for the same property type.

Net Sale Price

Definitions

Gross Sales Price net of any selling costs and expenses, and before debt. Selling expenses are directly attributable to the sale which are the seller's responsibility including ...

Gross Sales Price

Definitions

The gross sales price received for a property sale before deduction for selling costs and expenses.

Senior Living (facility)

Definitions

Specialized housing designed specifically to accommodate the needs of senior citizens, but whose function is not primarily healthcare. Note: Senior Living facilities without medica ...

Self-Storage (facility)

Definitions

Self-storage units. Single and multi-story, basic or climate-controlled.

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