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Multifamily Real Estate Glossary

Multifamily Real Estate Glossary

What are the most common entry level jobs in commercial real estate?

Some of the most common entry-level jobs in CRE include real estate analyst, leasing agent and research assistant. These roles typically require a blend of real estate knowledge, analytical skills, communication abilities, and often a degree in a related field like business, finance, or real estate.

January 27, 2024

What does it mean to retrade in real estate?

Retrading in real estate is when a buyer renegotiates a deal's terms or price, often due to new information or changes, which can be controversial and impact the deal's success.

January 27, 2024

What are the tax benefits of real estate syndication?

Real estate syndication provides tax advantages like depreciation deductions, interest expense deductions, potential deferral of capital gains taxes through 1031 exchanges, and pass-through deductions, enhancing investment returns.

January 27, 2024

What is the difference between loss to lease and concessions?

"Loss to lease" refers to the revenue shortfall from not charging market rate rent, while "concessions" are financial incentives offered to tenants to attract or retain them.

January 27, 2024

What is the band of investment formula?

The Band of Investment formula estimates a property's value by applying a combined rate of mortgage and equity returns to its net operating income.

January 27, 2024

Are multifamily properties considered commercial?

Yes, multifamily properties are typically classified as commercial real estate due to their income-generating nature and are subject to different financing, tax, and regulatory considerations than residential properties.

January 27, 2024

What is a lease-up in multifamily?

A "lease-up" refers to the process of renting out units in a new or significantly renovated apartment building. The lease-up phase involves attracting and securing tenants to achieve either full occupancy or an occupancy level that makes the property financially viable.

January 26, 2024

What is zoning reclassification?

Zoning reclassification is the process of changing a property's zoning designation to align with evolving urban development needs. It involves application procedures, public input, and local authority approvals.

January 26, 2024

What types of improvements are considered capital expenditures in real estate?

Capital expenditures are major investments like structural renovations, system upgrades, and technological enhancements that significantly improve a property's value and functionality over the long term.

January 26, 2024

What is R&M in real estate?

R&M refers to Repairs and Maintenance, and involves both repairing damages and performing routine upkeep to maintain a property's value, safety, and appeal.

January 26, 2024
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