Incentive fee

Refers to fee structures where the total amount of the fee that is charged is determined by the efficiency of the real estate assets under management

Income capitalization value

The signal of market value acquired for an income-creating piece of real estate by turning its projected benefits into property worth through direct capitalization of likely income or by reducing the annual cash flows for the holding period at a specified yield rate

Holdbacks

A portion of a loan obligation that is not funded until an additional specification is met, for instance the conclustion of development

Improvements

In the condition of leasing, the word usually refers to the upgrades made to or inside a real estate property but could involve any lasting structure or additional development, like a street, sidewalk, utilities, etc.

HVAC

The acronym for heating, ventilating and air conditioning