Costs usually charged by third parties concerning work undertaken for acquisition/disposition projects which do not ultimately close. Such costs cannot be capitalised, and thus must be expensed. Services undertaken by the advisor/manager are passed through as an expense.
Global Definitions Database
Dead deal costs
Related
Custodian costs
Also known as depository costs, these are charged by a fiduciary entity entrusted with h...
Other/misc. vehicle costs
Small or infrequent vehicle level costs that are not assigned to another cost category but are classified as a group. These may include other ...
Professional services costs
Costs charged at vehicle level in connection with third party services such as accounting, secretarial, legal, tax and other advisory costs, which ...
Transfer agent costs
Costs charged by trustees who are responsible for managing the assets owned by a trust for the trust’s beneficiaries. This is most relevant i...
Valuation costs
Costs in connection with the external (third party) appraisal of the real estate assets and liabilities owned by the
Costs related to bookkeeping activities either paid to a 3rd party service provider or the manager/advisor.Vehicle administration costs