A to Z · 1055 Terms

Real estate & finance, demystified.

The jargon can be exhausting. Here’s a plain-English glossary covering real estate, lending, investment, and the business-finance ecosystem that surrounds them.

Download the full glossary

Real Estate Tech & PropTech

Virtual Tour

An interactive online walkthrough of a property using 3D or 360° imagery.

REITs & Public Real Estate

AFFO

Adjusted Funds From Operations — FFO minus recurring capital expenditures.

REITs & Public Real Estate

Dividend Yield

Annual dividend per share divided by stock price.

REITs & Public Real Estate

DownREIT

A REIT structure with separate partnerships for individual properties.

REITs & Public Real Estate

Equity REIT

A REIT that directly owns and operates income-producing real estate.

REITs & Public Real Estate

External Management

REIT structure where management services are provided by a separate company.

REITs & Public Real Estate

FFO

Funds From Operations — a REIT’s profitability measure that adds depreciation back to net income.

Real Estate Fundamentals

Trade Fixture

Personal property installed by a commercial tenant that remains personal property and can be removed.

Real Estate Tech & PropTech

AI Lead Scoring

Machine learning models ranking prospects by likelihood to transact.

Real Estate Tech & PropTech

AVM

Automated Valuation Model — software that estimates property value using public data and algorithms.

Real Estate Tech & PropTech

Building Management System (BMS)

Software controlling a building’s HVAC, lighting, and security from one platform.

Real Estate Tech & PropTech

CRM (Real Estate)

Customer relationship management software helping agents track leads and clients.