Quick Reference

Acronym Index

321 acronyms, A-Z. Click one to jump to the full glossary explanation.

2 5 A B C D E F G H I K L M N O P Q R S T U V W X Y Z

2

232

Section 232 (232 LEAN)

5

542(b)

HUD Risk-Sharing Program (Section 542(b)/(c))

542(c)

HUD Risk-Sharing Program (Section 542(b)/(c))

A

AAI

All Appropriate Inquiries (AAI)

ACV

Actual Cash Value (ACV)

ADA

ADA Title III Public Accommodation Compliance

ADLs

Activities of Daily Living (ADLs)

ADR

Average Daily Rate (ADR)

ADS

Annual Debt Service

AFFO

Adjusted Funds From Operations (AFFO)

AFIRE

AI

Additional Insured

AIR

Appraiser Independence Requirements (AIR)

AL

Assisted Living (AL)

ALOS

Average Length of Stay (ALOS, Senior Housing),Average Length of Stay (ALOS)

ALTA

ALTA Settlement Statement

AMC

Appraisal Management Company (AMC)

AML

Customer Identification Program (CIP) / USA PATRIOT Act Compliance

ANREV

AOP

Area of Protection (AOP) / Radius Restriction

APFO

Concurrency Requirement (Adequate Public Facilities Ordinance)

AQB

Appraiser Qualifications Board (AQB)

AR

Accounts Receivable (AR) Aging Report

ARA

Appraisal Reduction Amount (ARA)

ARI

ADR Index (Average Rate Index / ARI)

ASB

Appraisal Standards Board (ASB)

ASC

Ambulatory Surgery Center (ASC) Real Estate

AVM

Automated Valuation Model (AVM)

B

BAS

Building Automation System (BAS)

BFE

Base Flood Elevation (BFE)

BI

Business Interruption Insurance

BIM

Building Information Modeling (BIM)

BMS

Building Automation System (BAS)

BOMA

BOMA Office Measurement Standard (ANSI/BOMA Z65.1)

BOPIS

Online/Omnichannel Sales Allocation Clause

BOV

Broker Opinion of Value (BOV)

BPO

Broker Opinion of Value (BOV)

BPS

Building Performance Standard (BPS)

BRA

Buyer Representation Agreement

BREEAM

BTS

Build-to-Suit (BTS) Industrial Facility

BZA

Zoning Board of Appeals (ZBA)

C

C-PACE

C-PACE (Commercial Property Assessed Clean Energy) Financing

CAM

CAM Reconciliation,Fixed CAM Charge,CAM Administrative Fee Markup

CBA

Community Benefit Agreement (CBA)

CC

Climate-Controlled Storage

CC&Rs

Restrictive Covenant

CCIM

CCIM (Certified Commercial Investment Member)

CCRC

Continuing Care Retirement Community (CCRC) / Life Plan Community

CDE

Community Development Entity (CDE)

CEA

California Earthquake Authority (CEA)

CEQA

Environmental Impact Report (EIR)

CERCLA

CGL

Commercial General Liability (CGL) Insurance

CHOW

Change of Ownership (CHOW)

CIP

Customer Identification Program (CIP) / USA PATRIOT Act Compliance,Capital Improvement Plan (CIP)

Climate VaR

Climate Value-at-Risk (Climate VaR)

CLT

Mass Timber Construction

CM-at-Risk

Construction Manager at Risk (CMAR)

CMA

Cash Management Agreement (CMA)

CMAR

Construction Manager at Risk (CMAR)

CMBS

CMI

Case Mix Index (CMI)

CO

Certificate of Occupancy (CO)

CoC

Cash-on-Cash Return

COI

Certificate of Insurance (COI) Compliance Tracking

CON

Certificate of Need (CON)

ConTech

Construction Technology (ConTech)

CPM

CPM (Certified Property Manager)

CRE

CRE (Counselor of Real Estate)

CRE CLO

CRE CLO (Commercial Real Estate Collateralized Loan Obligation)

CRM

CRE CRM (Customer Relationship Management)

CSRD

Corporate Sustainability Reporting Directive (CSRD)

CTC

CUP

Conditional Use Permit (CUP)

Cx

Commissioning (Cx)

D

DB

Design-Build (DB)

DBB

Design-Bid-Build (DBB)

DC REIT

Domestically Controlled REIT (DC REIT)

DDA

Difficult Development Area (DDA)

DIC

Difference-in-Conditions (DIC) Policy

DIL

Deed in Lieu of Foreclosure

DIP

Debtor-in-Possession (DIP),DIP Financing

DOWNREIT

DPI

Distributions to Paid-In Capital (DPI)

DPO

Discounted Payoff (DPO)

DSCR

DST

Delaware Statutory Trust (DST)

DUS

Fannie Mae DUS (Delegated Underwriting and Servicing)

DY

E

E&O

EBITDARM

EBITDARM Coverage Ratio

EC

Elevation Certificate

ECI

Effectively Connected Income (ECI)

ECRI

Existing Customer Rate Increase (ECRI)

EGI

Effective Gross Income (EGI)

EGIM

Gross Income Multiplier (GIM) / Effective Gross Income Multiplier (EGIM)

EIK

Eligible Independent Contractor (EIK)

EIR

Environmental Impact Report (EIR)

EIS

Environmental Impact Statement (EIS)

EMD

Earnest Money Deposit (EMD)

EPD

Environmental Product Declaration (EPD)

ESA

Phase II Environmental Site Assessment (Phase II ESA)

ESCO

Energy Service Company (ESCO)

ESFR

ESFR (Early Suppression Fast Response) Sprinkler System

ESG

ESG (Environmental, Social & Governance)

ESRS

Corporate Sustainability Reporting Directive (CSRD)

EUA

Extended Use Agreement (EUA)

F

FAR

Floor Area Ratio (FAR)

FBC

Form-Based Code (FBC)

FCI

Facility Condition Index (FCI)

FCS

Farm Credit System (FCS)

FF&E

FF&E (Furniture, Fixtures & Equipment)

FFO

Funds From Operations (FFO)

FHA

Fair Housing Act Protected Classes

FHSZ

Fire Hazard Severity Zone (FHSZ)

FIRPTA

FIRPTA Withholding

FMV

Fair Market Value (FMV) Rent Reset,Market Value (Appraisal Definition)

FSA

Farm Service Agency (FSA) Farm Ownership Loan

FSO

Future Service Obligation (FSO)

FTSE EPRA Nareit

FTSE EPRA Nareit Global Real Estate Index

G

G702/G703

Application for Payment (AIA G702/G703)

GAPI

MSCI Global Annual Property Index

GC

General Contractor (GC)

GIM

Gross Income Multiplier (GIM) / Effective Gross Income Multiplier (EGIM)

GIPS

Global Investment Performance Standards (GIPS)

GIS

Geographic Information System (GIS) in CRE

GL

Commercial General Liability (CGL) Insurance

GLA

GLA Occupancy Threshold

GMP

Guaranteed Maximum Price (GMP)

GNMA

Ginnie Mae (GNMA)

GOP

Gross Operating Profit (GOP)

GP

General Partner (GP)

GPR

Gross Potential Rent (GPR)

GRESB

GTL

H

HAP

Section 8 HAP Contract

HBU

Highest and Best Use Analysis (Four-Test Framework)

HCBS

Home- and Community-Based Services (HCBS) Waiver

HFA

Housing Finance Agency (HFA)

HMA

Hotel Management Agreement (HMA)

HPPD

Hours Per Patient Day (HPPD)

HTC

Historic Tax Credit (HTC)

I

IADLs

Instrumental Activities of Daily Living (IADLs)

IC

Interest Coverage Test (IC Test)

IL

Independent Living (IL)

IMF

Incentive Management Fee (IMF)

INREV

IO

Interest-Only (IO),IO Strip

IOS

Industrial Outdoor Storage (IOS)

IRP

CREFC Investor Reporting Package (IRP)

IRR

Money-Weighted Return (MWR / IRR)

ISAOA/ATIMA

Mortgagee Clause

ISSB

Sustainability Accounting Standards Board (SASB) Standards

ITV

Insurance-to-Value (ITV)

IWMS

Integrated Workplace Management System (IWMS)

IZ

Inclusionary Zoning (IZ)

K

KYC

Customer Identification Program (CIP) / USA PATRIOT Act Compliance

L

LC

Leasing Commission (LC)

LCA

Life Cycle Assessment (LCA)

LCCA

Life-Cycle Cost Analysis (LCCA)

LD

Liquidated Damages (Construction)

LE

Reforecast (Budget Reforecast)

LEAN

Section 232 (232 LEAN)

LEED

LEED Certification (LEED)

LFPR

Labor Force Participation Rate (Market Analysis Context)

LGD

LLC

Limited Liability Company (LLC)

LOB

Limitation on Benefits (LOB) Clause

LOI

Letter of Intent (LOI)

LOMA

Letter of Map Amendment (LOMA)

LP

Limited Partnership (LP)

LQ

Location Quotient (LQ)

LTL

LTV

LURA

Extended Use Agreement (EUA)

M

MACRS

MACRS (Modified Accelerated Cost Recovery System)

MAI

MAI (Member, Appraisal Institute)

MAP

MBS

Agency MBS (Agency Mortgage-Backed Security)

MC

Memory Care (MC)

MDS

Minimum Data Set (MDS)

MFC

Micro-Fulfillment Center (MFC)

MIP

Mortgage Insurance Premium (MIP)

MMR

Meet-Me Room (MMR)

MND

Mitigated Negative Declaration (MND)

MOB

On-Campus Medical Office Building (MOB),Off-Campus Medical Office Building (MOB)

MPI

Fair Share Analysis (RevPAR/Market Share Index)

mREIT

Mortgage REIT (mREIT)

MTM

Month-to-Month Holdover (MTM)

MWR

Money-Weighted Return (MWR / IRR)

N

NAV

Net Asset Value per Share (NAV)

NCREIF

NCREIF Property Index (NPI)

NDF

Non-Deliverable Forward (NDF)

NEPA

Environmental Impact Statement (EIS)

NFIP

National Flood Insurance Program (NFIP)

NIIT

Net Investment Income Tax (NIIT)

NMTC

New Markets Tax Credit (NMTC)

NNN

NNN Lease,Triple-Net Data Center Lease

NOD

Notice of Default (NOD)

NOI

NPI

NCREIF Property Index (NPI)

NPL

Non-Performing Loan (NPL)

NPS

Tenant Satisfaction Score

NTO

Preliminary Notice (Notice to Owner)

NTP

Notice to Proceed (NTP)

NVR

Natural Vacancy Rate (NVR)

O

OC

Overcollateralization Test (OC Test)

ODCE

NCREIF ODCE Index

OER

Operating Expense Ratio (OER)

OpEx

Operating Expenses (OpEx)

Q

QA

Quality Assurance (QA) Inspection / QA Score

QAP

Qualified Allocation Plan (QAP)

QCT

Qualified Census Tract (QCT)

QFPF

Qualified Foreign Pension Fund (QFPF)

QI

Qualified Intermediary (QI)

QLICI

Qualified Low-Income Community Investment (QLICI)

QOF

Qualified Opportunity Fund (QOF)

QOZ

Qualified Opportunity Zone (QOZ)

S

S-Corp

S Corporation (S-Corp)

SARE

Single-Asset Real Estate (SARE) Entity

SASB

Single-Asset/Single-Borrower (SASB) CMBS,Sustainability Accounting Standards Board (SASB) Standards

SBA 504

SBL

Small Balance Loan (Agency)

SFDR

Sustainable Finance Disclosure Regulation (SFDR)

SFHA

Special Flood Hazard Area (SFHA)

SIA

Subdivision Improvement Agreement (SIA)

SIOR

SIOR (Society of Industrial and Office Realtors)

SIR

Self-Insured Retention (SIR)

SLL

Sustainability-Linked Loan (SLL)

SNDA

Subordination, Non-Disturbance, and Attornment Agreement (SNDA),Subordination, Non-Disturbance, and Attornment Agreement (SNDA)

SNF

Skilled Nursing Facility (SNF) Licensure

SOFR

SOW

Renovation Scope of Work (SOW)

SPE

Bankruptcy-Remote Entity

SRL

Streamlined Rate Lock

SRP

REIT Share Repurchase Program

SSS

Same-Store Sales (Comparable Store Sales)

STR

STR Report (Hotel Benchmarking Report)

SWF

Sovereign Wealth Fund (SWF)

T

T-12

T12,Trailing Twelve Months (T-12)

T12

TAF

The Appraisal Foundation (TAF)

TCFD

Task Force on Climate-Related Financial Disclosures (TCFD)

TCO

Temporary Certificate of Occupancy (TCO)

TDR

Transfer of Development Rights (TDR)

TEA

Targeted Employment Area (TEA)

TEFRA

TI

Tenant Improvement Allowance (TIA),Tenant Improvement Allowance (TI Allowance),Medical Office Tenant Improvement (TI) Build-Out Intensity

TIA

Tenant Improvement Allowance (TIA)

TIC

Tenancy in Common (TIC),Income Certification (Tenant Income Certification)

TIF

Tax Increment Financing (TIF)

TNFD

Task Force on Nature-related Financial Disclosures (TNFD)

TPM

Third-Party Management (Self-Storage)

TrevPAR

Total RevPAR (TrevPAR)

TRIA

Terrorism Risk Insurance Act (TRIA)

TRS

Taxable REIT Subsidiary (TRS) in Senior Housing

TTM

Trailing Twelve Months (T-12)

TVPI

Total Value to Paid-In Capital (TVPI)

TWR

Time-Weighted Return (TWR)

Type A/B/C

Type A / Type B / Type C CCRC Contracts

U

UA

Utility Allowance

UCC

UCC Foreclosure

UCC-1

UCC-1 Continuation Statement

UPREIT

Umbrella Partnership REIT (UPREIT),UPREIT Structure

USALI

Uniform System of Accounts for the Lodging Industry (USALI)

USF

Usable Square Feet (USF)

USPAP

Uniform Standards of Professional Appraisal Practice (USPAP)

USRPHC

U.S. Real Property Holding Corporation (USRPHC)

V

VaR

Value at Risk (VaR)

VCP

Value Creation Plan (VCP)

VDR

Virtual Data Room (VDR)

VPPA

Power Purchase Agreement (PPA)

VTM

Vesting Tentative Map (VTM)

W

WAC

Weighted Average Coupon (WAC)

WUI

Wildland-Urban Interface (WUI)

X

XCCY

Cross-Currency Swap

Y

YM

Yield Maintenance

Z

ZBA

Zoning Board of Appeals (ZBA)

ZTA

Zoning Text Amendment (ZTA)