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Glossary

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MAINTENANCE  

Activities required to compensate for ear and tear on a property.

 

MANAGEMENT

The ability to monitor the performance of an investment and make changes as needed.

 

MANUFACTURING/INDUSTRIAL PLANT

A facility used for the conversion, fabrication and/or assembly of raw or partly wrought materials into products/goods.

 

MARKETABILITY

The speed or ease with which a property can be sold at or near its market value; its expected market appeal.

 

MEDICAL OFFICE

Medical Office refers to buildings used to provide diagnosis and treatment for medical, dental, or psychiatric outpatient care.

 

MULTI-UNIT RESIDENTIAL BUILDINGS (MURB)

A building comprised of a common entrance and separate units that are also known as apartments constructed for dwelling purposes. Multi-Unit Residential Buildings must have one primary exterior door access, with each of the apartments connected by an interior door. All of the units must connect to each other (or a central corridor) by some interior door for purposes of a blower door test.

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