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The amount of inventory or units of a specific commercial property type that become occupied during a specified time period (usually a year) in a given market, typically reported as the absorption rate.
The amount of inventory or units of a specific commercial property type that become occupied during a specified time period (usually a year) in a given market, typically reported as the absorption rate.
Transactions in which the ownership of companies, other business organizations, or their operating units are transferred or consolidated with other entities
Landlord’s expenses for the property; includes property taxes, operating expenses such as HVAC, roof, janitorial, etc.
Features that add to a property’s desirability, such as modern appliances and fixtures
The repayment of loan principal through equal payments over a designated period of time consisting of both principal and interest. Typically, in property management we amortize the cost of large capital projects based on the lifespan of the item being repaired or bettered.
The primary and usually the largest tenant in a shopping center. Larger shopping centers may have more than one anchor tenant. Rent for anchor tenants is often significantly lower than rent for other tenants in a shopping center because they draw consumers to the center. Source: The NAIOP Research Foundation, 2017
Regular fixed payments or receipts over a designated period of time.
An opinion or estimate of the value of the property. Also, the act or process of estimating value.
someone who determines the fair market value of property.
represent a building of space as it was actually constructed.
The repayment of loan principal through equal payments over a designated period of time consisting of both principal and interest. Typically, in property management we amortize the cost of large capital projects based on the lifespan of the item being repaired or bettered.
insulation material frequently used in older buildings as pipe wrap, boiler insulation, floor tile, and ceiling coating. Asbestos may become brittle with age. In that condition, it may crumble and release particles which, like dust, become airborne. Breathing asbestos particles may cause several serious lung illnesses. Removal or encapsulation of asbestos in buildings is expensive but necessary to prevent illness. The discovery of asbestos in a building is likely to cause a significant value loss.
Something of value
Provides financial analysis data for decision-making on acquisitions, dispositions, property development, appraisals and other asset management activities.
Develops property-level strategies to maximize asset value and cash flow and meet owner’s objectives for its properties.
Assists the property manager in developing budgets and monthly reports, and also oversees tenant services and property administration
inspection of the books, records and procedures used by a business or individual, conducted by a person qualified to do so.