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Multifamily Real Estate Glossary

Multifamily Real Estate Glossary

What is Opendoor?

Opendoor Technologies Inc. is a digital platform headquartered in San Francisco that simplifies the process of buying, selling, and trading homes online, offering additional services like real estate brokerage and title insurance.

May 24, 2024

What is VTS?

VTS is a leading commercial real estate technology company headquartered in New York City that provides an integrated platform for managing leasing, marketing, tenant experiences, and property operations.

May 24, 2024

What is Reonomy?

Reonomy is a New York-based commercial real estate data and analytics platform that uses AI and machine learning to provide comprehensive property intelligence and market insights, serving various sectors by integrating detailed property, owner, and transaction data into clients' internal systems​.

May 24, 2024

What is Ascendix?

Ascendix Technologies is a company that specializes in CRM (Customer Relationship Management) consulting and custom software development. Founded in 1996 by Wes Snow and Todd Terry in Dallas, Texas, Ascendix has evolved to focus primarily on providing solutions for the real estate industry.

May 24, 2024

What is Cost Segregation in Real Estate?

Cost segregation is a tax strategy that accelerates depreciation deductions by identifying and reclassifying personal property assets and land improvements, which typically have shorter depreciation lives than buildings, thereby allowing property owners to reduce taxable income and increase cash flow.

May 22, 2024

Is Leased Percent Typically Higher or Lower than Occupancy?

In multifamily properties, the leased percentage is typically higher than the occupancy percentage due to timing differences between lease signing and move-in, vacancy turnover, pre-leasing activities, and administrative lags in updating occupancy status.

May 22, 2024

What are Tenant Improvement Expenses in Real Estate?

Tenant Improvement (TI) expenses are costs incurred to customize a rental space to meet a tenant's needs, typically negotiated in lease agreements and often supported by a landlord-provided allowance.

May 21, 2024

What is Commercial Real Estate Underwriting?

Underwriting in real estate is the lender's evaluation of a borrower's financial status and property value to assess mortgage loan risk and determine approval and terms.

May 21, 2024

What are Basis Points?

Basis points are a unit equal to 0.01% used to describe precise percentage changes in financial metrics like interest rates.

May 21, 2024

What is Earnest Money?

Earnest money is a buyer's deposit showing commitment to a property purchase, held in escrow and applied to closing costs, but forfeited if the buyer unjustifiably backs out.

May 21, 2024
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