The partner that is responsible for operating the property and making daily decisions.  Usually the partner with a minority investment in a joint-venture agreement.  

Includes any asset which has been completed and/or placed into service for 12 months or is at least 60% leased, whichever occurs sooner  

The risk of loss resulting from inadequate or failed internal processes, people, and systems, or from external events.

The principle that the cost of a resource for one use is the value of the resource in its best alternative use.

Observations that have unusual values, that is, they differ markedly from a measure of central tendency.

In its broadest application, a form of discretionary investment consulting which comprises elements of policy formation, manager structure and selection, and performance monitoring ...

A practice of a firm hiring third-party labor to replace services previously performed in-house.

The additional rent (over a base amount) that is paid by tenants to owners on tenant sales over a specified dollar amount;  frequently found in retail leases; also known as &l ...

A commission fee paid to a broker as additional compensation.

A geographic area with so many stores selling a specific good or service that some retailers will be unable to earn an adequate profit.