Multifamily Terms
The yield an investor expects to earn over the life of a property investment.
What is Internal Rate of Return (IRR)?
When interest rates rise, cap rates tend to do this.
What is Increase?
In the U.S., they’re called apartments. But what are the single units in a bigger building that people can rent called in the United Kingdom?
What is "Flats"?
Major League Soccer's D.C. United brought in what Manchester United and British national team legend to serve as manager in 2022?
Who is Wayne Rooney?
In the marketing process - there is a BOV, ES, OM, LOI, PSA, then DD. Name these acronyms.
What is Broker Opinion of Value, Executive Summary, Offering Memorandum, Letter of Intent, Purchase and Sale Agreement, and Due Diligence.
This type of buyer often dominates the multifamily market when interest rates are low and debt is cheap.
What is Institutional Buyers?
In which New England state are real estate brokers not required to tell prospective home buyers if a house is haunted?
What is Massachusetts?
Out of DC, MD, & VA - one of these is considered the "easiest" to transact in.
What is VA? DC & MD have many barriers with TOPA, Montgomery County's strict rental laws, & longer time periods for closing.
The famous Washington D.C. cherry blossom trees that bloom along the Tidal Basin were a 1912 gift from the mayor of what international capital?
This acronym measures how much income a property has to cover its debt payments.
What is DSCR (Debt Service Coverage Ratio)?
This refers to a popular exchange that allows investors to defer capital gains tax when selling and buying real estate.
What is 1031 Exchange?
Who was president during the 2008 Housing Crisis?
Who is George Bush?
Our DC Multifamily Investment Sales Team's total 2024 Sales Volume.
What is ~2B ($1.95B) closed in 2024?
This is the longest Metro Escalator in the DMV Area
What is the Wheaton Station Escalator? (230 feet long & on the Red Line)
The projected value of a property at the end of the holding period.
What is Reversion Value?
The difference between buyer and seller expectations in pricing, often widening during uncertain markets, is called this.
What is the bid-ask spread?
What is the square footage of an Acre?
What is 43,560 SF?
On average, our Team does this many BOV's a month.
What is 24?
"A Place and a Time" was the first slogan of what legendary D.C. venue, whose name refers to both its original street address and the start time of shows?
What is 9:30 Club?
The __________ is baked, and we're arguing about the ______________.
What is "The CAKE is baked, and we're arguing about the ICING."
What does the RENTAL Act stand for?
What is the Rebalancing Expectations for Neighbors, Tenants, and Landlords (RENTAL) Act of 2025?
What is the approximate value of Madison Square Garden?
What is $5B?
What is the DC Metro Team's unofficial motto?
Madam's Organ, a bar in D.C.'s Adams Morgan neighborhood, sits at the site of the original "Children's Bargaintown" store, opened in 1948, and which would eventually become what retail juggernaut? The last US stores, sadly, closed in 2021.
What is Toys' R Us?