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Real Estate Financial Modeling Accelerator (Updated October 2024)

Prior to launching the Accelerator program, Michael and I fielded email after email requesting a more structured real estate financial modeling training program on the site. Over the years, we've covered hundreds of real estate modeling…

Strip or Convenience Center

This retail subtype is characterized by having a row of stores, with on-site parking often found in the front of the stores. Open canopies may be used to connect store fronts of the tenants at the center. Average size may be 10,000 - 15,000…

Super-Regional Mall

This retail subtype has a higher variety and assortment of tenants than regional malls. They have an average trade area of 5 to 25 miles and average over 1,000,000 SF in size. Typical anchor types reflect the same as found in regional malls. Source:…

TIC

See Tenants in Common.

TIF

See Tax Increment Financing.

TI’s

See Tenant Improvements.

TTM

See Trailing Twelve Months.

Variable Rate Debt

See Floating Rate Debt

Lease Abstract

A commercial real estate lease abstract is a document that summarizes the most salient aspects of a given lease. The lease abstract is meant to save stakeholders to a lease the time that would otherwise be required to read through the lease…

Manufactured Housing Community

A community of manufactured housing. MHC's may be located in various areas, including the suburbs or the edge of large cities. MHC's typically offer amenities such as community clubhouses and pools. See also Manufactured Housing.

RV Park or Resort

RV Parks consist of land organized into various lots or parcels for rent that accommodate recreational vehicles (RVs), either with or without services on the sites. Services typically include water, electric, and sewer. RV Parks can be set up…

MHC

See Manufactured Housing Community.

Lien Theory States

Lien theory states are those states in which the title remains with the borrower in a lending scenario. The lender instead holds a lien on the property via the mortgage, which gives it a right of possession until the borrower pays off the loan…

Phase II (ESA)

When the preliminary ESA exposes recognized environmental conditions (RECs), buyers will often require a Phase II ESA to provide a broader assessment of the property. A Phase II ESA includes a subsurface investigation, which tests soil, soil…

Negative Covenant

A type of restrictive property covenant that prohibits the landowner from certain acts. This type of covenant also runs with the land, remaining with any subsequent landowners. An example of a negative covenant may prohibit the landowner from…

Affirmative Covenent

A type of restrictive property covenant that obligates the landowner to act. This covenant runs with the land, meaning that even in transfer of ownership, the obligation remains with the new landowner. An example of an affirmative covenant may…