Abstract

This chapter creates the foundation for nondevelopers to understand the language and motivation of real estate developers. It starts with a review of key real estate development terms and types (in order of importance within the sections). Because numerous glossaries exist for real estate development and finance, I do not include one in this book. One of the best and most comprehensive, however, is the Glossary of Commercial Real Estate Terms provided by the CCIM Institute and the Realtors® Commercial Alliance.1

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