The seemingly attainable and legal use of unoccupied land or a restored structure that's physically possible, properly sustained, financially possible and that results in the top value

The length of time an investor anticipates to have a piece of real estate from purchase to sale

A mortgage situation with equity-like affiliation attributes in both capital and the increase of the structure at the time of sale or refinance

In the situation of renting, the term frequently refers to the renovations made to or on the inside of a structure but would consist of any lasting structure or other development, like a street, sidewalk, utilities, etc.

Net operating profit divided by the sum of a REIT's equity market capitalization and its entire unresolved debt