Highest and best use

The reasonably expected and authorized use of vacated land or a restored structure that's physically possible, properly sustained, financially possible and that results in the most ideal value

Holdbacks

A section of a loan contract that is not subsidized until a different specification is met, such as completion of development

Hold-over tenant

A occupant retaining ownership of the leased grounds after the expiration of a lease

Implied cap rate

Net functioning profits divided by the sum of a REIT's equity industry capitalization and its overall overdue debt

Hybrid debt

A mortgage situation with equity-like affiliation attributes in both available means and the appreciation of the structure at the period of sale or refinance