Properties Under Development means, as of any date of determination, all Properties, the primary purpose of which is to be leased in the ordinary course of business or to be sold upon completion and on which any Subject Party has commenced construction of a building or other improvements; provided that any such Property will no longer be considered a Property Under Development when, (a) such Property qualifies as an Income Producing Property or (b) prior to substantial completion of the construction work with respect to the property, such construction work has ceased for a period of thirty (30) days, in which case such Property shall be considered Speculative Land until such time as construction has resumed.
Properties Under Development means any real property that is undergoing development or redevelopment necessary to function as high quality office, retail or residential property that is carried as such in the financial statements of the Trust or has been designated as such by the Trustees;
Properties Under Development means Properties the primary purpose of ---------------------------- which is to be residential rental owned by the Borrower or a Consolidated Subsidiary and on which the Borrower or a Consolidated Subsidiary has commenced and continues to pursue construction of a building or other improvements; provided that any such Property will no longer be considered a Property under Development when seventy-five percent (75%) of the rental units contained therein are occupied by tenants under leases.
Examples of Properties Under Development in a sentence
Properties Under Development are recorded at cost and are adjusted to fair value at each balance sheet date with the fair value adjustment recognized in earnings.
Properties Under Development, Cost of Sales and Completed Properties Held for Sale Properties under development are intended to be held for sale after completion.
Properties Under Development The Trust’s development properties are classified as such until the property is substantially completed and available for occupancy.
Properties Under Development The Company capitalizes all direct expenditures incurred in connection with the development and construction of properties.
Properties Under Development The Trust's development properties are classified as such until the property is substantially completed and available for occupancy.
More Definitions of Properties Under Development
Properties Under Development means that portion of any (i) Development Property, (ii) Properties undergoing intensification activities, consisting of the construction of additional buildings on existing assets and modifications to existing buildings, and (iii) mixed use properties being developed or redeveloped.
Properties Under Development means that portion of any (i) Development Property, (ii) Intensification, and (iii) mixed-use properties being developed or redeveloped.
Properties Under Development means properties in the construction phase;
Properties Under Development means those properties being developed and includes: the development of vacant land and construction; intensification activities, consisting of the construction of additional buildings on existing assets and modifications to existing stores; and, the redevelopment of a property.
Properties Under Development means Properties, the primary purpose ---------------------------- of which is to be leased in the ordinary course of business and on which any Borrower, any Consolidated Party or any unconsolidated affiliate thereof has commenced construction of a building or other improvements; provided that any such Property will no longer be considered a Property -------- Under Development when, (i) seventy-five percent (75%) of the gross leasable space to be contained therein upon completion in accordance with then existing plans and specifications with respect to such Property is occupied by tenants under fully executed leases, in which case such Property shall be considered a Transition Property or (ii) construction work with respect to property has ceased for a period of 30 days, in which case such Property shall be considered Speculative Land until such time as construction has resumed.
Properties Under Development means Properties, the primary purpose of which is to be leased in the ordinary course of business and on which any Borrower, any Consolidated Party or any unconsolidated affiliate thereof has commenced construction of a building or other improvements; provided that any such Property will no longer be considered a Property Under Development when, (i) seventy-five percent (75%) of the gross leasable space to be contained therein upon completion in accordance with then existing plans and specifications with respect to such Property is occupied by tenants under fully executed leases, in which case such Property shall be considered a Transition Property or (ii) construction work with respect to property has ceased for a period of 30 days, in which case such Property shall be considered Speculative Land until such time as construction has resumed.
Properties Under Development means Properties primarily used for residential rental purposes owned by CESLP, a Consolidated Subsidiary or an Investment Affiliate and on which CESLP, a Consolidated Subsidiary or an Investment Affiliate has commenced and continues to pursue construction of a building or other improvements, provided that any such Property will no longer be considered a Property under Development when seventy-five percent (75%) of the rental units contained therein are occupied by tenants under leases.