The seemingly attainable and permissible use of vacant land or an improved structure that's actually possible, appropriately sustained, financially possible and that results in the most ideal value

A portion of a loan responsibility that is not supported until a second specification is met, such as the finish of production

The suggestion of market value derived for an income-performing piece of real estate by altering its anticipated benefits into property worth through direct capitalization of likely income or by marking down the annual cash flows for the holding period at a particular yield rate

Overall working revenues divided by the sum of a REIT's equity market capitalization and its entire unsettled debt

A mortgage arrangement with equity-like collaboration features in both cash flow and the appreciation of the property at the time of sale or refinance