Professions
They are a licensed professional who represents buyers or sellers in real estate transactions
What is a real estate agent?
NOI stands for this
What is Net Operating Income?
Any speaker that TREO had this semester
Who is …?
They’re around 7% right now, which is relatively high, making several real estate deals unfavorable
What are interest rates?
This property type consists of single family homes and condominiums
What is residential?
A professional who determines the market value of an asset
What is an appraiser?
There are this many square feet in an acre
What is 43,560SF?
Name any event TREO held or attended this semester
What is…?
Typically the upper layers of the capital stack, this can be common or preferred
What is equity?
What is retail?
This is an owner of real estate who leases the use of the property to other parties
What is a landlord?
This year was the year of the global financial crisis - the worst economic downturn in the U.S. since the Great Depression.
What is 2008?
On this day of the week, everyone’s favorite TREO email is sent out
What is Monday?
The rate of return on a real estate investment property based on NOI
What is a cap rate?
This property type has been all the “buzz” given its extremely low vacancy rates, post-covid
What is office?
This profession oversees various commercial and/or residential real estate properties, including taking care of all the daily operations for a property like collecting rent, tenant complaints and more.
What is property management?
To encourage new construction or rehabilitation of properties, the city of Philadelphia will offer this, typically over a span of 10 years
What is a tax abatement?
This Instagram username posts all the latest updates and keeps TREO members informed about awesome meetings and events
What is @fox.treo?
A company that invests, owns, and often manages real estate using a fund of investors‘ money
What is a REIT?
Amazon is an example of a company that would utilize this property type
What is industrial?
Typically they will purchase land, determine the marketing of the property, obtain the necessary public approval and financing, build the structures, and rent out, manage, or ultimately sell the property.
What is a developer?
This worksheet used to calculate financial projections of rental income and expenses will typically follow this order: Potential Gross Income (PGI) - Vacancy = Effective Gross Income (EGI) - Operating Expenses = NOI and so on
What is a pro forma?
These 2 appraisers are TREO’s Sponsors this year
Who is Brendan Wewer and Mike Rohm?
What tool allows real estate investors to swap one investment property for another and defer capital gains taxes?
What is a 1031 Exchange?
This Philadelphia Zoning code is RM-1
What is Residential Multifamily?