Glossary

In real estate, the term “occupied” indicates that someone is using or living in a property. An owner lives in their home, while tenants who pay rent to the owner

In finance, the Effective Annual Rate (EAR) is also called the annual equivalent rate (AER). An important concept when comparing different investment opportunities or loans. This is the yearly interest

Straight-line depreciation is a way to spread out the cost of an asset evenly over its useful life. This method is widely used because it is easy and gives consistent

In real estate, “stabilized” means a property is stable and sustainable. This can refer to either occupancy or financial performance. It indicates that the property has remained consistent over time.

The Modified Internal Rate of Return (MIRR) is a vital tool for financial analysis, offering a more accurate assessment of investment profitability.

Loss to Lease (LTL) is the difference between the market rent a property could charge and the actual rent currently paid by tenants. It shows how much potential income is

The National Multifamily Housing Council (NMHC) supports the apartment industry by advocating policies, providing research and connecting industry professionals.