Our glossary of industry terms is one of the most visited sections of our site. We work continually to keep it current and are always adding new terms. In addition, if you ever can't find an industry word you are looking for, let us know. We'll research it and add it for you.
An investment entity formed by one or more entities to acquire or develop and manage real property and/or other assets.
Compensation that is fair to both the owner and the public when property is taken for public use through condemnation (eminent domain).