Multifamily Property definition
Multifamily Property means a Property improved with, and from which at least 80% of the rental income is derived from, residential apartments, which may include a Property that is a part of a Mixed-Use Project.
Multifamily Property means any real property on which multifamily residential-use development has been constructed or is now or hereafter proposed to be constructed (for example, and not by way of limitation, a property of the type managed by the Company).
Multifamily Property. A multifamily residential rental property consisting of five or more dwelling units.
Examples of Multifamily Property in a sentence
An accurate and complete Rent Roll in all material respects as of the date of inclusion of each Multifamily Property as an Unencumbered Asset with respect to all Leases of any portion of such Unencumbered Asset has been provided to Agent.
More Definitions of Multifamily Property
Multifamily Property means real property that contains or that will contain more than 4 dwelling units.
Multifamily Property means a Property on which the improvements consist primarily of an apartment community.
Multifamily Property. A residential or mixed-use property, such as rental apartment buildings or projects containing five or more units.
Multifamily Property for purposes of this Agreement and any renewal of this Agreement shall mean any real property on which an upscale multifamily residential-use development has been constructed or is under construction as of the date of this or any renewal of this Agreement.
Multifamily Property. Any real property that contains or that will contain more than one hundred (100) dwelling units and in which no more than five percent (5%) of the net rentable area is rented to, or to be rented to, non-residential tenants.
Multifamily Property means real property that contains or that will contain more than four (4) dwelling units in improvements that are substantially complete and in which no more than 20% (or such lesser amount as will not exceed applicable ▇▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇ Mac or FHA limits) of the net rentable area is rented to, or to be rented to, non-residential tenants.
Multifamily Property means an income producing Property (a) the improvements on which consist primarily of residential rental apartment units (which may include senior and student housing), together with any incidental improvements on such Property operated in connection therewith and (b) that is leased primarily to residential tenants.