Holdbacks

A portion of a loan commitment that's not funded until another condition is met, for example the conclustion of development

Highest and best use

The supposedly available and legit use of abandoned land or an improved structure that's actually likely, appropriately supported, financially feasible and that results in the top value

Implied cap rate

Net operating earnings divided by the sum of a REIT's equity industry capitalization and its whole outstanding debt

Hold-over tenant

A occupant keeping ownership of the leased grounds following the termination of a lease

Income capitalization value

The evidence of market worth obtained for an income-producing piece of property by interchanging its projected benefits into property worth through direct capitalization of likely income or by reducing the annual cash flows for the holding period at a certain yield rate