Glossary
What is Leni? An Introduction to the AI Analyst for Real Estate
In the world of Commercial Real Estate (CRE), owners and asset managers deal with one major obstacle every day: fragmented, inconsistent, hard-to-trust data. Property management systems (PMS), Excel sheets, operator
What is Reversion Value in Real Estate?
Reversion value is the estimated future sale price of a property at the end of a defined holding or investment period. It reflects the projected value of the asset when
What Does “Tract” Mean in Real Estate?
In real estate, a tract refers to a clearly defined area of land that has been legally described and mapped for ownership, development, or sale. Tracts can vary widely in
What Is AUM in Real Estate?
In the world of real estate investment, AUM (Assets Under Management) is more than just a number; it’s a direct reflection of a company’s financial strength, credibility, and ability to
Azibo in Multifamily Real Estate
Azibo is a financial technology and property management platform designed for small and mid-sized landlords and property managers in the multifamily real estate sector. It consolidates financial and administrative tasks
409A Valuation in Real Estate
A 409A valuation is an independent appraisal that determines the fair market value (FMV) of a private company’s common stock, as required by Section 409A of the U.S. Internal Revenue
What is CMBS in Real Estate?
CMBS stands for Commercial Mortgage-Backed Securities. These are fixed-income investment products backed by a pool of commercial real estate loans on income-producing properties such as office buildings, apartment complexes, hotels,
What is a Stalking Horse Bid?
A stalking horse bid is a strategic, pre-arranged initial bid made by a chosen buyer during a bankruptcy or distressed asset sale. This bid sets a minimum purchase price, ensuring
What Does PFC Mean in Multifamily Real Estate?
In multifamily real estate, “PFC” stands for Public Facility Corporation. A PFC is a nonprofit entity created by a local government (such as a city or housing authority) to facilitate
What is CMCA Certification in Property Management?
CMCA stands for Certified Manager of Community Associations. It is a professional certification awarded to individuals who demonstrate the essential knowledge and skills required to manage community associations, including HOAs
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While our journey began as RealSage, our owner and manager clients inspired the decision to rebrand to Leni.
— Leni (@Leni_for_RE) August 29, 2024
Our reimagined platform and brand identity is centered around Grow Your Real Estate Returns.
Learn more: https://t.co/i3Xup5k7ey pic.twitter.com/AZEQzXqqKm
