Wingert Real Estate TermsPeople Flashcards

Wingert Real Estate Terms/People Flashcards Todd LambethPresident Industrial Division22 years of Commercial Real Estate experienceNAI Robert Lynn, Bradford Companies, Mercer, Colliers InternationalTarrant County Industrial SpecialistLandlord focused, properties range from 100k sf to 1 million sf.Future Plans to create a team that specializes in every DFW Industrial MarketOver 10,000,000 SF transactions completed NTCARThe North Texas Commercial Association of Realtors and Real Estate Professionals is a trade association that exists to enhance the business opportunities of its members through real-time access to critical real estate information, education, recognition and networking events.Flood PlainA generally flat area of land next to a river or stream.In the real estate market, a home in a legally defined flood plain is eligible for purchase of federal flood insurance.Spec SuiteA spec suite is a space that the landlord has preemptively spent construction dollars on to get the space at or near move-in ready condition.Cap RateIn real estate, the denominator of the Gordon model, r-g; the discount rate of a perpetuity - Capitalization Rate = Yearly Income / Total Value.Recourse vs. Non-RecourseThe main difference with recourse vs nonrecourse financing is whether or not a lender can go after the borrower's assets if he/she defaults on their loan.Nonrecourse loan lenders would rather go after recourse loans. Borrowers are the ones who favor nonrecourse financing.Warren WingertCommercial Division47 Years of real estate experienceLand investment salesSouthern Methodist University (Kappa Alpha Order Fraternity)Real Estate and Oil/Gas InvestorCo-Manager of Wingert Family Investments CREAny multifamily residential, office, industrial, or retail property that can be bought or sold in a real estate market.Title InsuranceTitle insurance protects you from claims of ownership by other parties. It protects you against losses from problems that arose before you bought the property. The title company will defend you in court if there is a claim against your property, and will pay for covered losses.

Geyden SageVice President Hospitality Division: Hotel, Restaurant &

Retail Investments25 years Hospitality/Restaurant

Experience12 years Real Estate ExperienceCurrent specialty is working with owners, investors and tenants in the East Dallas Sub-market (Commercial Real Estate)Over

• years of Hotel and Restaurant ConsultingCCIM, NTCAR,

AAHOA Member

REOReal estate owned (REO) is the term for a property owned by a lender because it failed to sale in a foreclosure auction after the borrower defaulted on his or her mortgage.Banks attempt to sell their REOs using a real estate agent John MorganVice President - Retail DivisionIn-charge of growing the Landlord Retail Leasing PlatformSpecialization in Class A+B Retail Centers, in the DFW MetroplexRelationships with National Retailers and working the ICSC network.John at times, will work hand-in-hand with Janet Scholl and Geyden Sage, of the Retail Tenant Rep. Division4 years experience with Hartman Income R.E.I.T. - Handling all Retail Leasing within the DFW Portfolio30-years of outside sales experience, 20-years in the jewelry business traveling the US, handling Retail/Wholesale accounts.Class A, Class BWhile classes A, B, and C are typically always used, some CRE investors and brokers have very granular breakdowns, classifying buildings from Class A through Class F, and may include subcategories like B+ or B-.Class A properties are considered fairly low-risk assets by real estate investors.Additionally, Class A buildings are likely to be in locations with a high percentage of owner-occupied propertiesWhile these properties tend to be a bit older than Class A, they can still have quality management and tenants. Generally, Class B buildings are located in well-kept areas with slightly lower income rates than Class A, and more investor-owned and tenanted properties.Class C properties can be very lucrative investments with the right strategy, however they carry the highest risk of any building class.Tenant Improvement Allowancethe amount of funding the owner of commercial property must provide toward the cost of refurbishing the space to meet the tenant's needs.The amount a landlord is willing to spend so that the tenant can retrofit or renovate the office space. It is usually expressed in a per-square-foot or total dollar sum.Client ConsolidationIn bull and bear markets alike, we've seen significant mergers and acquisitions at just about every level of the business.Net AbsorptionNet Absorption is basically the difference between the commercial spaces vacated in a certain time period by companies or tenants and the spaces taken up by them or other commercial entities in the same locality of commercial place.Net Absorption is the change in leased space in a specified commercial market or locality between the current time period and the last specified period.

Janet SchollPresident of the Retail/Restaurant Division -Tenant RepresentationExecuted successful deals in Legacy, Snider Plaza, Uptown etcConsults Investors/Tenants in Retail Real EstateExtensive experience representing Retail & Office purchases10 years of Commercial Real Estate ExperienceHer team member consist of Geyden Sage and Joseph BakerC.R.E.W. & D.R.E.M. active participant member Full Service (plus electric)A full service gross lease (which may also be called a full service lease, or a gross lease) is a lease agreement in which the tenant is responsible only for the base rent, while the landlord must cover the operating expenses.Space PlanSpace Plans emphasize the look and feel of your location, allowing for intricate details.ZonningMunicipal or local laws or regulations that dictate how real property can and cannot be used in certain geographic areas. Zoning laws can limit commercial or industrial use of land in order to prevent oil, manufacturing or other types of businesses from building in residential neighborhoodsThe purpose of zoning is "to promote the health, safety, morals, and general welfare of the community, to protect and conserve the value of buildings, and encourage the most appropriate use of the land.AAHOAAAHOA is the largest hotel owners association in the nation. ... With billions of dollars in property assets and hundreds of thousands of employees, MLSA multiple listing service (MLS, also multiple listing system or multiple listings service) is a suite of services that real estate brokers use to establish contractual offers of compensation (among brokers) and accumulate and disseminate information to enable appraisals.Anchor TenantAn anchor tenant is the leading, big-name business that rents office space in any given development, complex. The anchor tenant typically pays lower rent than the other tenants and may get some say in how the rest of the center is rented out.Landlord RepresentationA service commercial real estate brokers will provide to property owners and investors to help develop in-depth understanding of their assets, attract and maintain the right renters, and, ultimately, enhance the investment value Subordination Real Estate & Suborgination Subordination means to give up priority to an anticipated future mortgage or lien, whereassubrogation means to substitute a creditor who succeeds to the rights of another Rentable vs. Usable Sq. Ft.Rentable square feet is defined as the usable square feet plus a portion of the building's common space (hallways,