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A system of features incorporated into a buildings
The maximum electricity load at a specific point in time or over a period of time
Any plan, fund or scheme which provides retirement income. They are pooled monetary contributions from employers, unions, etc. (CFA Institute). Pensions Funds make up a large part of building owners in Canada.
The long-term mortgage on a property.
An individual’s written assurance that all obligations of a lease are personally guaranteed in the event a business fails to meet its obligations.
the process of converting light directly into electricity using specially designed silicon cells.
A group of investment assets
The portfolio management process involves formulating, modifying and implementing a real estate investment strategy in light of an investor’s broader overall investment objectives. It also can be defined as the management of several properties owned by a single entity.
Water that meets or exceeds water quality standards and is approved for human consumption. It may be supplied from wells or municipal water systems
Gross potential rent (GPI) is way of calculating income assuming all units of a building are occupied and you are receiving full rents. (Recording Vacancy)
Usually between 100,000 and 1,000,000 square feet (GLA) and often comprises three or more large-format retailers (“big boxes” or “category-dominant anchors”) that are mostly freestanding (unconnected) or sometimes part of a number of scattered multi-tenant one-level buildings on the same property to offer maximum visibility to most retail units. As with other open-air centres, ample on-site paved parking is located in front of the stores and around the site at the ground level. The large land element provides for an interior road network that connects all the individual sites and allows the customers to drive from storefront to storefront.
Refers to space in a proposed building that has been leased before the start of construction or in advance of the issuance of a Certificate of Occupancy.
the parking spots closest to the main entrance of a building (exclusive of spaces designated for handicapped persons).
The wearing out or disuse of components or materials whose service life exceeds their deign life.
Performs administrative duties such as processing lease agreement and rental payments as well as providing exceptional tenant service
Property/site-specific information obtained from primary and secondary sources.
The management of land and buildings as a business, including keeping buildings in a good condition and renting property.
an individual or company that oversees the day-to-day operations of a unit of real estate. Is responsible for operating and maintaining all properties within an assigned portfolio, as well as managing annual budgets.
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