CRE WORD OF THE WEEK

Good Morning! It’s Word of the Week Wednesday. Let’s look at hard corner. A hard corner refers to a property located at a major intersection with traffic lights, where the commercial property can be considered more popular for retail.

It’s Word of the Week Wednesday again! Let’s introduce the phrase common area maintenance, or CAM. CAM refers to additional expenses paid by tenants meant to cover costs of daily operations of the property. The percentage of this fee is calculated by dividing tenant’s square footage by total square footage of the building.

Good morning, welcome back to Word or the Week Wednesday! Let’s begin with the phrase purchase and sale agreement, also known as a PSA. This type of agreement is between a seller and a buyer of real estate or investments that establishes several rights and obligations for both the seller and buyer.

Good morning and welcome back to Word of the Week Wednesday! Let’s look at Offering Memorandum; a presentation that provides the most prospective buyers with detailed information about a property on the market. This presentation would include building description,  demographics, summary of property’s history and more.