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Multifamily Real Estate Glossary

Multifamily Real Estate Glossary

What does YOY mean in real estate?

Year-Over-Year (YOY) is a comparative metric used to evaluate changes or trends in data across the same period in consecutive years, commonly applied in real estate to assess market dynamics like price, sales volume, or rental rates.

January 14, 2024

What does Evra by Geophy do?

Evra is an AI-powered valuation platform designed for the commercial real estate (CRE) sector. It helps commercial real estate professionals such as investors, lenders, and researchers access data-driven valuations of multifamily properties. It was developed by Geophy prior to its acquisition by Walker & Dunlop in 2022, and provides an alternative

January 14, 2024

What is NOI and how is it calculated?

NOI, or Net Operating Income, in real estate is the most important financial metric used to evaluate the profitability of income-producing properties. It is calculated by subtracting total operating expenses from total income generated by the property, excluding mortgage payments and capital expenditures.

January 13, 2024

How to calculate equity dividend rate

In real estate, the Equity Dividend Rate in real estate, which indicates the profitability of an investment, is determined by dividing the property's annual net income by the investor's total equity investment and converting it to a percentage.

January 13, 2024

What does "gross up" mean in real estate?

"Gross up" in real estate is a practice in commercial leasing where shared operating expenses are adjusted to reflect full occupancy costs, ensuring tenants pay a fair share regardless of actual building occupancy.

January 12, 2024

LP and GP in Real Estate

In real estate, a Limited Partnership (LP) consists of passive investors with limited liability and active managers with full liability, while a General Partnership (GP) involves partners who equally manage and share liability for the business.

January 12, 2024

What is a primary market in real estate?

Primary real estate markets are major metropolitan areas with high economic activity and population density, attracting substantial investment due to their stability and growth potential, albeit with higher property costs and competition.

January 9, 2024

What is a secondary market in real estate?

Secondary real estate markets are areas with moderate economic and population growth, offering a balance between the high competition of primary markets and the risks of tertiary markets, appealing for more affordable investment opportunities.

January 9, 2024

What are tertiary markets in real estate?

Tertiary real estate markets are smaller, less active regions offering potentially higher yields but with greater risks and lower demand, appealing to investors seeking lower property prices and long-term returns.

January 9, 2024

What are embedded leases?

Embedded leases are portions of larger contracts that, under accounting standards, provide an entity with a right to use an asset and must be separately accounted for in financial statements.

January 9, 2024
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