Holding period

The total amount of time an investor anticipates to have a piece of real estate from purchase to sale

Incentive fee

Concerns fee structures where the size of the fee that is billed is estimated by the performance of the real estate assets under management

Income capitalization value

The indication of market value acquired for an income-creating piece of property by altering its expected benefits into property worth through direct capitalization of expected income or by marking down the yearly cash flows for the holding period at a certain yield rate

HVAC

An acronym for the words for heating, ventilating and air conditioning

Improvements

In the context of renting, the word generally concerns the upgrades made to or on the inside of a structure but can consist of any lasting structure or different development, such as a street, sidewalk, utilities, etc.