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Search Results for:

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.

Outlet Center

Definitions

Typically 50,000 to 400,000 square feet of manufacturer's outlet stores, with a primary trade area radius of 25 to 75 miles.

Theme / Festival Center

Definitions

Anchored by restaurants or other entertainment facilities, and oriented toward leisure and tourist-oriented goods and services. Typically 80,000 to 250,000 square feet.

Power Center

Definitions

Typically 250,000 to 600,000 square feet with three or more anchor stores that occupy 75-90% of the total area. Anchor stores are "category-dominant" home improvement sto ...

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