[REE 3043] - Midterm Exam Guide - Ultimate 57 pages long Study Guide!
7 Feb 2017
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Characteristics of re markets: local user markets, capital markets, property markets, government. Acre: an important measure of land (43,560 sq. ft. ) Capital markets: the financial sector of the economy that serves to allocate financial resources among households and firms requiring funds. Capitalization rate: the percentage that is obtained when the income produced by a property is divided by the value or sale price of the property. Include any fixed structures such as buildings, fences, walls, and decks. Include components necessary to make the land suitable for building construction or other uses. Institutional-grade real estate: larger more valuable commercial properties, generally well over million, targeted by institutional investors, such as pension funds and foreign investors. Investment-grade property: synonymous wit institutional grade real estate, large, relatively new and fully leased commercial properties located in major metropolitan areas, generally well over million, targeted by institutional investors, such as pension funds and foreign investors.
