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Real Estate Dictionary

What is a Percentage Lease?

A Percentage Lease is a type of commercial real estate lease where the tenant pays a base rent plus a percentage of their gross income or sales generated from the premises.

March 18, 2024

What is a Conditional use Permit in Real Estate?

A Conditional Use Permit allows a property to be used in a way not normally permitted under current zoning laws, subject to specific conditions to ensure community compatibility.

March 18, 2024

What is a pad site in real estate?

A pad site in real estate is a standalone parcel of land within a larger commercial development, used for individual businesses like restaurants or retail stores, offering high visibility and easy access.

March 17, 2024

What is plottage in real estate?

Plottage is the value increase resulting from consolidating adjacent land parcels into a single larger one, enhancing its development potential and market value.

March 17, 2024

What is an American Waterfall Structure in Real Estate?

The American Waterfall Structure in real estate involves a tiered distribution of returns, offering both investors and general partners shares of profits at various performance milestones, incentivizing superior performance with earlier and potentially higher rewards for the general partner.

March 17, 2024

What is a European Waterfall Structure in Real Estate?

The European Waterfall Structure in real estate prioritizes returning capital and preferred returns to investors before splitting any remaining profits, aligning general partner interests with those of investors by ensuring they receive their investment back first.

March 17, 2024

What's the difference between XIRR and IRR?

While both calculate the return on investment, IRR assumes regular cash flow intervals, whereas XIRR accommodates irregular cash flow timings, offering more flexibility and accuracy for varied investment scenarios.

March 17, 2024

What is a Partial 1031 Exchange in Real Estate?

A Partial 1031 Exchange allows investors to defer capital gains taxes on reinvested proceeds while accessing liquidity from the sale, blending tax efficiency with flexibility, albeit with tax liabilities on non-reinvested funds and added transaction complexity.

March 17, 2024

What's an "Acquisition Fee" in real estate?

An acquisition fee in real estate is a charge for the service of purchasing a property, typically ranging from 1% to 3% of the property's purchase price, varying based on transaction complexity and market standards.

March 17, 2024

What is a 1033 exchange in real estate?

A 1033 exchange allows property owners to defer capital gains taxes by reinvesting proceeds from involuntarily converted property into similar property within a flexible timeline.

March 17, 2024
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