Highest and best use
The seemingly available and legal use of unoccupied land or a restored property that is actually likely, appropriately supported, financially feasible and that results in the top value
Income capitalization value
The signal of market worth acquired for an income-performing piece of property by turning its guessed advantages into property worth through direct capitalization of likely income or by discounting the yearly cash flows for the holding period at a specified yield rate
Hold-over tenant
A tenant keeping privileges of the rental following the finish of a rental
Implied cap rate
Net working profits divided by the sum of a REIT's equity market capitalization and its total unresolved debt
Incentive fee
Applies to fee structures where the size of the fee that is charged is resolved by the effectiveness of the real estate assets under management