Land assembly
A land assembly or assemblage is the process of purchasing various smaller, contiguous parcels of property to merge them into one large land parcel or property. A land assembly is…
Archives: CRE Dictionary
Archives: CRE Dictionary
Effective interest
Effective interest is perhaps the truest description of interest payable by a borrower. It refers to the total annual (or monthly) cost of interest, taking into account the monthly, weekly…
Nominal interest
Nominal interest is one way of describing interest payable by a borrower. The other way of describing interest is effective interest. Nominal interest can have the unintended effect of understating…
Tenant covenant
Tenant covenant or lease covenant is a term that refers to a business’s creditworthiness or bank-ability. I.e. what is the quality (security) of the tenant’s lease income? Tenant covenant factors…
Anchor tenant
What is an anchor tenant? An anchor tenant is your larger retailer who takes up a lot of floor space in a property. Being larger users, anchor tenants are generally…
Line shop
A line shop is a type of retail tenant (generally found in a shopping center or mall). Line shops generally are located in the retail space that lives adjacent to…
Unique identifier
A unique identifier is that unique “code” that is assigned to a data asset. It makes this data asset unique compared to any other data asset. Even if the name…
Green ticks
Green ticks seek to solve a major problem in CRE data quality. That problem is data duplication. The green ticking of data assets allows your data assets to “talk” to…
Property manager
A property manager (or PM ) works for a property owner, and is a layer between the property owner and a tenant. Every property requires a property manager. Property managers…
Property fund
Other names for a property fund are property owner, landlord or lessor. This player in CRE is the owner of commercial property. This is their core business. The primary customer…