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Real Estate Dictionary

Real Estate Dictionary

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

What is a lease abstract?

A lease abstract is a summarized document highlighting key terms and conditions of a real estate lease to make lease review and management easier.

January 9, 2024

What is a graduated lease?

A graduated lease is a rental agreement with incrementally increasing rent, benefiting tenants with initial affordability and landlords with long-term, escalating income.

January 9, 2024

What is ASC 842 in real estate?

ASC 842 transformed lease accounting in real estate by requiring the recognition of most leases on balance sheets, impacting financial metrics and creating the need for more detailed lease classifications and disclosures.

January 9, 2024

What is ASC 840 in real estate?

ASC 840 is a former U.S. accounting standard that governed lease accounting, allowing operating leases to be disclosed only in financial statement notes rather than on the balance sheet.

January 9, 2024

What is gain to lease in real estate?

Gain to Lease in real estate occurs when the rent charged for a property exceeds the current market rate, indicating the owner is earning more than the typical market income for similar properties.

January 9, 2024

What is GPR in real estate?

Gross Potential Rent (GPR) in real estate is the theoretical maximum income a property could earn if fully leased at market rates with no vacancies or concessions.

January 9, 2024
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