Incentive fee

References fee structures where the total amount of the fee that is billed is estimated by the effectiveness of the real estate assets under management

Implied cap rate

Overall functioning gains divided by the sum of a REIT's equity market capitalization and its total unresolved debt

Hybrid debt

A mortgage form with equity-like collaboration aspects in both assets and the inflation of the structure at the period of sale or refinance

Holdbacks

A fragment of a loan contract that's not financed until a second condition is met, for example the conclustion of development

Improvements

In the condition of renting, the term generally references the repairs made to or on the inside of a structure but can contian any permanent structure or different development, such as a street, sidewalk, utilities, etc.