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Multifamily Real Estate Glossary

Multifamily Real Estate Glossary

What is an opportunity zone in real estate?

Opportunity Zones are designated low-income areas in the United States where investors receive tax incentives for investing capital gains into projects aimed at economic revitalization.

January 23, 2024

What are special purpose properties in real estate?

Special purpose properties in real estate are buildings designed for specific functions, like schools or hospitals, making them challenging to repurpose and uniquely valued due to their specialized nature.

January 23, 2024

What does "capped" mean in real estate?

In real estate, "capped" usually refers to a set limit on aspects such as rent increases, agent commissions, mortgage interest rates, or development costs.

January 23, 2024

How do you perform due diligence for a land purchase?

Before purchasing land, conduct a comprehensive review of its legal status, zoning, environmental condition, utilities, and regulatory compliance, ideally with the assistance of real estate professionals.

January 23, 2024

What is an arm's length transaction?

In real estate, an arm's length transaction is a deal where the parties act independently without any special relationship, ensuring the transaction reflects true market value.

January 21, 2024

What is the Quantity Survey Method?

The quantity survey method in real estate is a comprehensive cost estimation technique that itemizes and calculates the total expenses of construction project components, including materials, labor, and contingencies.

January 21, 2024

What is the multiple nuclei model of cities?

The Multiple Nuclei Model posits that cities develop with various specialized centers or "nuclei" for different functions, reflecting a complex, non-centralized urban structure influenced by diverse economic, topographical, and social factors.

January 20, 2024

What does GRM mean in real estate?

The Gross Rent Multiplier (GRM) is a quick valuation tool calculated by dividing a property's sale price by its gross annual rental income, used to compare investment properties without accounting for operating expenses.

January 20, 2024

What does NIM stand for in commercial real estate?

The Net Income Multiplier (NIM) in commercial real estate is a valuation metric calculated by dividing a property's sale price by its net operating income, offering a more precise investment assessment by considering operating expenses.

January 20, 2024

What is GIM in real estate?

In real estate, the Gross Income Multiplier (GIM) is calculated by dividing a property's sale price by its gross annual rental income. It is a straightforward metric for valuing and comparing investment properties, where lower GIMs often suggest more attractive investments.

January 20, 2024
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