Multifamily Real Estate Glossary

Who is Brendan Wallace?

Brendan Wallace is a co-founder and managing partner of Fifth Wall, a venture capital firm specializing in proptech investments, with a background in finance and real estate.

May 14, 2024

What is Revere CRE?

Revere CRE provides software solutions to streamline and enhance property marketing, data management, analytics, and collaboration for commercial real estate professionals.

May 14, 2024

What is Debt Service?

Debt service refers to the cash required to cover the repayment of interest and principal on a debt within a specific period, reflecting an entity's ability to meet its debt obligations.

May 13, 2024

A "title commitment" is a preliminary document from a title insurance company that outlines the conditions and exceptions under which a title insurance policy will be issued, detailing any necessary actions and existing encumbrances on the property.

May 9, 2024

What is straight line rent?

Straight line rent is an accounting method that averages the total rent payments over the lease term, used to normalize financial statements for leases with variable payment schedules.

May 9, 2024

What is Bulk Zoning in Real Estate?

Bulk zoning in real estate involves regulations that control the density and physical dimensions of buildings, focusing on aspects such as setbacks, height, floor area ratio, lot coverage, and required open spaces to ensure developments are appropriately scaled and integrated into their environments.

May 9, 2024

What is Shift Share Analysis in Real Estate?

Shift share analysis evaluates local market growth by distinguishing the impacts of national economic trends, the specific mix of property types, and unique local competitive advantages, guiding more informed development and investment decisions.

May 9, 2024

What is a Full Service Lease in Real Estate?

A Full Service Lease in commercial real estate is a rental agreement where the landlord pays most operating expenses, allowing tenants to pay a single, inclusive rent amount that simplifies budgeting and financial planning.

May 9, 2024

What is a Draw Schedule in Real Estate?

A draw schedule is a financial plan that outlines when and how funds are disbursed to contractors based on the completion of specific project milestones, ensuring budget control and alignment with construction progress.

May 9, 2024

What Are Average CAM Costs Per Square Foot?

Common Area Maintenance (CAM) costs vary by property type, with retail spaces ranging from $3 to $10 per square foot, office buildings between $8 and $15, and industrial properties from $0.15 to $3 annually, influenced by location, amenities, and lease terms.

May 9, 2024

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Multifamily Real Estate Glossary

Who is Brendan Wallace?

What is Revere CRE?

What is Debt Service?

What is a Title Commitment?

What is straight line rent?

What is Bulk Zoning in Real Estate?

What is Shift Share Analysis in Real Estate?

What is a Full Service Lease in Real Estate?

What is a Draw Schedule in Real Estate?

What Are Average CAM Costs Per Square Foot?

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