CRE 101
What are the main types of commercial real estate?
What is Office, Retail, Industrial, Multifamily, and Hospitality.
Hillwood, Wallace Ventures, Wheelhouse Development, and Cross Development all specialize in what area of real estate?
What is Real Estate Development
What does ROI stand for?
What is Return on Investment
What is the first thing a developer needs before building on a piece of land?
What is Land (or control of the development site)
What animal has fingerprints similar to humans?
What is a Koala
What does NOI stand for?
What is Net Operating Income
CBRE, JLL, Colliers, and Savills are all known for providing what type of real estate service?
What is Commercial real estate brokerage
How does having vacant space affect a commercial property's income?
What is Vacancies reduce rental income while operating expenses continue.
What's the difference between buying an existing building and developing a new one?
What is Buying involves purchasing an existing property, while developing involves constructing a new property.
What is the only continent located in all 4 hemispheres?
What is Africa
Why does location matter when choosing a retail property?
What is Location affects visibility, customer traffic, and accessibility.
Invesco Real Estate, Clarion Partners, and MetLife Investment Management all operate in primarily one sector of CRE?
What is real estate investment management
How do investors make money from owning an apartment complex?
What is Rental income and potential appreciation when selling.
What do you call someone who buys land and turns it into new buildings or communities?
What has four wheels and flies?
A garbage truck
What is the difference between a cap rate and a cash-on-cash return?
What is Cap rate measures a property's NOI relative to its value, while cash-on-cash return measures annual pre-tax cash flow relative to the cash invested
HALL Structured Finance Skyrock Capital, and Flat Bay Capital all operate in what financial sector of commercial real estate?
What is Real Estate Lending and Financing
What is the difference between gross income and net operating income (NOI) in commercial real estate?
What is Gross income is the property's revenue before expenses, while NOI is income after operating expenses
Why would a developer research an area's population and growth before building?
What is To determine whether there is enough demand for the project.
What is the capital of Australia?
What is Canberra (not Sydney!)
What is the difference between a gross lease and a triple-net lease?
What is In a gross lease, the landlord generally pays operating expenses. In a triple-net (NNN) lease, the tenant pays property taxes, insurance, and maintenance expenses in addition to rent.
Capital Title of Texas, Republic Title of Texas, Frontier Title Texas, and Old Republic Title all provide what essential service in real estate transactions?
What are title insurance and escrow services
If a property generates $100,000 in annual NOI and has an 8% cap rate, what is its estimated value?
What is $1,250,000
Why might a developer choose to build apartments instead of retail stores on a property?
What is Because of market demand, location, zoning, or potential profitability.
Who broke a chair on the last development tour?
Katie