Closing & Transactions Addendum An add-on document modifying or supplementing a real estate contract.
Closing & Transactions Affidavit A sworn written statement, often used to confirm title matters at closing.
Closing & Transactions As-Is Sale A sale where the seller will not make repairs and the buyer accepts the property in its current condition.
Capital Structure & Equity Fund of Funds (FoF) An investment vehicle that invests in multiple real estate funds for diversification.
Capital Structure & Equity General Partner (GP) The active managing partner in a partnership with full liability and operational control.
Capital Structure & Equity Hold Period The expected length of time investors keep their capital in a deal before exit.
Capital Structure & Equity Hurdle (Multiple) A specified equity multiple a deal must exceed before the sponsor earns the next promote tier.
Capital Structure & Equity Investor Pro Rata Investors investing in proportion to their existing ownership share.
Capital Structure & Equity J-Curve The early dip in fund returns before assets mature and produce gains.
Capital Structure & Equity Joint Venture (JV) A business arrangement where two or more parties pool resources for a specific project.
Capital Structure & Equity Limited Partner (LP) A passive investor in a partnership with liability limited to their investment.
Capital Structure & Equity Open-End Fund A fund that continuously accepts new investors and allows periodic redemptions.
