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Real Estate Dictionary

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

How is MIRR Calculated?

MIRR is calculated by dividing the future value of positive cash flows by the present value of negative cash flows, raised to the inverse of the investment period, minus one, offering a comprehensive view of an investment's profitability.

January 20, 2024

What is a mini perm in real estate?

A "mini-perm" is a short-term loan in real estate financing, typically lasting 3 to 5 years, used to pay off initial construction costs before refinancing with a longer-term loan or selling the property.

January 20, 2024

What is RSF in Real Estate?

"RSF" refers to "Rentable Square Feet," which is the total area a tenant is charged for, including their private space and a share of the building's common areas.

January 20, 2024

What Do Ingress vs Egress Mean in Real Estate?

"Ingress" and "egress" refer to the ability to enter and exit a property, respectively, and both are important in the context of property rights and land use planning.

January 18, 2024

What is MKT lease in real estate?

"MKT lease" in real estate typically refers to "market lease". This term is used to describe a lease agreement where the rental terms, including the rate, are in line with the current market conditions and rates for similar properties in the area.

January 18, 2024

What are trended vs untrended expenses in real estate?

In real estate analysis, trended rents factor in historical trends and market projections for more dynamic forecasting, while untrended rents rely on current rates for a conservative approach, with the choice between them influenced by market stability and investor risk preference.

January 16, 2024
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