Income capitalization value所得资本化值

Income property:所得财产

Income return:所得收益

Indirect costs:间接成本

Individual account management:个人账户管理

Inflation:通货膨胀

Inflation hedge通膨对冲

Initial public offering (IPO):首次公开发售

Institutional-grade property: 制度级财产

Insurance company separate account:保险公司分离账户

Interest: 利息

Interest-only strip:利息证券

Internal rate of return (IRR):内部报酬率

Inventory: 存货

Investment committee投资委员会

Investment manager:投资经理人

Investment policy投资政策

Investment strategy:投资策略

Investment structures:投资结构

Investment-grade CMBS投资级商业房地产抵押贷款证券

Investor status:投资人身分

Joint venture合资

Just compensation: 合理赔偿

Landlord's warrant:地主授权

Lead manager:领导经理人

Lease:租赁

Lease agreement:租赁合约

Lease commencement date:租赁开始日

Lease expiration exposure schedule:租赁到期揭露表

Leasehold interest:租赁物权益

Legal description:法定说明

Legal owner:法定所有人

Letter of credit:信用状

Letter of intent:草约

Leverage:杠杆作用/负债与资本之比率

LIBOR (London InterBank Offered Rate):伦敦银行同业拆借利率

Lien:留置权

Lien waiver:留置权抛弃

Lifecycle: 生命周期

Like-kind property:同类财产

Limited partnership:有限合伙

Liquidity:流动性

Listing agreement:上市协议/业主与地产经纪所签合约

Loan-to-value ratio (LTV): 担保品贷放率

Lock-box structure:房地产收入直接交于债权人

Lockout:借款偿还期未到前不能提前偿还

Long-term lease:长期租赁

Loss severity:损失幅度

Lot:一块地

Low-rise:低楼层

Lump-sum contract:总价契约

Magic page:未来获利评估

Maker:制造者

Mark to market:逐日结算

Market capitalization:市场资本化

Market rental rates:市场出租率

Market study:市场研究

Market value:市场价值

Marketable title:有价权利

Master lease:主租赁

Master servicer:主服务商

Maturity date:到期日

Mechanic's lien:技工留置权

Meeting space:聚会空间

Metes and bounds:界标与界限

Mezzanine financing:麦则恩融资

Mid-rise: 中等楼层

Mixed-use:混合使用

Modern portfolio theory (MPT):现代投资组合理论

Mortgage: 抵押

Mortgage constant:抵押常数

NAREIT (National Association of Real Estate Investment Trusts):美国不动产投资信托协会

NCREIF (National Council of Real Estate Investment Fiduciaries):美国不动产投资信托委员会

NCREIF Property Index (NPI):美国不动产投资信托委员会财产指数

Negative amortization:负分期摊还本金

Net asset value (NAV):资产净值

Net asset value per share:每股资产净值

Net assets:净资产

Net cash flow:净现金流量

Net investment in real estate:不动产投资净额

Net investment income:净投资收入

Net operating income (NOI):净营运收入

Net present value (NPV):净现值

Net purchase price:净购买价格

Net real estate investment value:不动产投资净值

Net returns:净收益

Net sales proceeds:净销售收入

Net square footage:净平方英尺

Nominal yield:名目收益

Non-compete clause:非竞争条款

Non-discretionary funds:非任意基金

Non-investment-grade CMBS:非投资级商业房地产抵押贷款证券

Non-performing loan:不良贷款(/www.trustlaws.net)

Non-recourse debt:无追索权债务

Offer:报价

Open space:开放空间

Open-end fund:开放式基金

Operating cost escalation:营运成本逐增

Operating expense:营运费用

Opportunistic:机会主义的/投机取巧

Originator:发起人

Out-parcel:分配

Overallotment:超额分配

Parking ratio:停车率

Partial sales:部分销售

Partial taking: 部分进款

Participating debt:参与债务

Party in interest:关系人

Pass-through certificate:移转凭证

Payout ratio:股息支出率

Pension liability:退休金负债

Percentage rent:百分率租金

Performance: 绩效/履约

Performance bond:履约保证

Performance measurement: 绩效衡量

Performance-based fees:绩效基础费用

Permanent loan:永久贷款

Plan assets: 计划资产

Plan sponsor:计划赞助商

Plat:小块地

Portfolio management:投资组合管理

Portfolio turnover:投资组合交易额

Power of sale:销售权限

Preferred shares: 优先股

Preleased:事先租赁

Prepayment rights:预付权利

Price to earnings ratio:本益比

Primary issuance:首次发行

Prime space:基本空间

Prime tenant:主要承租人

Principal payments:本金

Private placement:私人配售

Private REIT:私人不动产投资信托

Pro rata:按比例

Production acres:生产土地

Prohibited transaction:禁止交易

Prudent man rule:审慎者原则

Punch list:竣工查核事项表

Qualified plan:合格计划

Quitclaim deed:产权放弃地契

Rating:评等

Rating agencies:评等机构

Raw land:未开发地

Raw space:未开发空间

Real estate fundamentals:不动产基本原则

Real property:不动产

Real rate of return:实质报酬率

Recapture:依法征收/恢复财产所有权

Recourse:追索权

Red herring:(美国技术产业杂志)

Regional diversification:区域多样化

Registration statement:登记书

Rehab:更新(/www.trustlaws.net)

REIT (Real estate investment trust): 不动产投资信托

REMIC (Real estate mortgage investment conduit):不动产担保投资管道

Renewal option:续租选择权

Renewal probability: 续租机会

Rent:租金

Rent commencement date: 租用开始日

Rentable/usable ratio:可租率/可用率

Rental concession:租赁特许权

Rental growth rate:租赁成长率

Rent-up period:租赁增加期间(?到稳定居住率与收入量所需时间)

REO (Real estate owned):自有不动产

Replacement cost:重置成本

Replacement reserves:重置储备金

Request for proposal (RFP):需求建议书

Reserve account: 储备账户/保留账户

Resolution Trust Corp. (RTC):清债信托公司

Retail investor:散户

Retention rate:保留率

Return on assets:资产报酬率

Return on equity:净值报酬率

Return on investments:投资报酬率

Reversion capitalization rate:还原资本化率

Reversion value: 还原价值

RevPAR (Revenue per available room): 平均每间房间出售收益

Risk management: 风险管理

Risk-adjusted rate of return:风险调整报酬率

Road show:说明会

Roll-over risk:借新还旧风险/展期风险

Sale-leaseback:售后回租

Sales comparison value:销路比较值

Secondary financing:次级融资

Secondary market: 次级市场

Secondary, or follow-on, offering:二次发售/再次发行

Securities and Exchange Commission (SEC):证券交易委员会

Securitization:证券化

Security deposit:押金

Seisen (seizen):清泉

Self-administered REIT:自管式不动产投资信托

Self-managed REIT:自营式不动产投资信托

Senior classes:高级类(/www.trustlaws.net)

Separate account: 分离账户

Servicer: 服务提供者

Setback:楼宇外墙成阶梯状缩入

Shares outstanding:流通在外股票

Site analysis:工地分析

Site development:工地发展

Site plan:工地平面图

Slab:厚板

Social investing:社会投资

Soft cost:软钱成本

Space plan:空间平面图

Special assessment:特别评估

Special servicer:提供特别服务者

Specified investing:特定投资

Speculative space:推测空间

Stabilized net operating income:稳定营运净收入

Stabilized occupancy:稳定居住期

Step-up lease (graded lease):租金递减租赁

Straight lease (flat lease): 直接租赁(单一租赁)

Strip center: 购股分红中心

Subcontractor: 分包商

Sublessee:分租承租人

Subordinated classes:次级类

Subordination: 次级

Surety:担保

Surface rights:表面权利

Survey:调查

Synthetic lease:综合租赁

Taking:收入/进款

Tax base:税基

Tax lien:税金留置权

Tax roll:税金

Tenant (lessee): 承租人

Tenant at will:任意承租人

Tenant improvement (TI):承租人整修

Tenant improvement (TI) allowance:承租人整修限度

Tenant mix: 承租人群

Term:期限

Time-weighted average annual rate of return:时量平均年报酬率

Title:所有权

Title insurance:业权保险

Title search:标题搜寻

Total acres:总土地

Total assets:总资产

Total commitment:承担总值

Total inventory:总计存货量

Total principal balance:总计本金余额

Total retail area:总零售面积

Total return: 总报酬

Trade fixtures:交易设备

Tranche:部份

Triple net lease:三方净租赁(承租人须负担所有管理与营运费用)

Trustee:受托管理人(信托法律网/www.trustlaws.net)

Turn key project:承包计划

Under construction:施工中

Under contract: 承包中

Underwriter:担保人/承销商

Unencumbered:无负担

Unimproved land:未整修地/未开发地

Unrated classes:未评等类

UPREIT (Umbrella partnership real estate investment trust):伞状合伙不动产投资信托

Usable square footage:可用之平方英户

Use: 使用

Vacancy factor:空地因素

Vacancy rate:空地率

Vacant space:空地/未占用空间

Value-added:附加价值

Variable-rate:浮动利率

Variance:变异数

Virtual storefront: 虚拟店面

Waiting period:等待期间

Weighted-average coupon: 加权平均票面利率

Weighted-average equity:加权平均权益

Weighted-average rental rates:加权平均租赁率

Working drawings:工作图

Workout:训练/试验

Write-down:资产账面价值降低

Write-off:勾销/呆帐

Yield:收益

Yield maintenance premium:收益维修升水

Yield spread: 收益率差/利差

Zoning:分区

Zoning ordinance:分区条例/分区管制办法