Relevant real estate experience definition

Relevant real estate experience means actual direct experience by the Director in acquiring or managing the type of real estate to be acquired by the Company for his or her own account or as an agent. For example, if the Company will acquire commercial real estate, i.e. office buildings or shopping centers, "relevant real estate experience" would not include experience in buying and selling houses because it is apparent that a different level of sophistication and knowledge is required.

Examples of Relevant real estate experience in a sentence

  • Relevant real estate experience" will acquire commercial real estate, i.e. office build- shall mean actual direct experience by the TRUS- ings or shopping centers, "relevant real estate expe- TEE in acquiring or managing the type of real rience" would riot include experience in buying and estate to be acquired by the REIT for his or her own selling houses because it is apparent that a different account or as an agent.

  • Relevant real estate experience means that the director has actual experience in acquiring or managing the type of property or assets to be acquired by the Corporation.

  • COMMENT: "Relevant real estate experience" will acquire commercial real estate, i.e. office build- shall mean actual direct experience by the TRUS- ings or shopping centers, "relevant real estate expe- TEE in acquiring or managing the type of real rience" would riot include experience in buying and estate to be acquired by the REIT for his or her own selling houses because it is apparent that a different account or as an agent.

Related to Relevant real estate experience

  • Commercial real estate means real estate or an interest in real estate that is not any of the following:

  • Owned Real Estate means all land, together with all buildings, structures, fixtures, and improvements located thereon and all easements, rights of way, and appurtenances relating thereto, owned by the Company or any of its Subsidiaries.

  • Developed exclusively at private expense means development was accomplished entirely with costs charged to indirect cost pools, costs not allocated to a government contract, or any combination thereof.

  • Leased Real Estate means all real property that the Company or any of its Subsidiaries leases, subleases or otherwise uses or occupies, or has the right to use or occupy, pursuant to a Lease.

  • Real Estate Business means homebuilding, housing construction, real estate development or construction and related real estate activities, including the provision of mortgage financing or title insurance.

  • Real Estate means all Leases and all land, together with the buildings, structures, parking areas, and other improvements thereon, now or hereafter owned by any Loan Party, including all easements, rights-of-way, and similar rights relating thereto and all leases, tenancies, and occupancies thereof.

  • Permitted Real Estate Encumbrances shall have the meaning set forth in Section 2(i), above.

  • Real estate salesperson means an individual who for compensation or valuable consideration is employed either directly or indirectly by a licensed real estate broker to sell or offer to sell, buy or offer to buy, provide or offer to provide market analyses of, list or offer or attempt to list, or negotiate the purchase, sale, or exchange of real estate; to negotiate the mortgage of real estate; to negotiate for the construction of a building on real estate, or to lease or offer to lease, or rent or offer for rent, real estate; who is employed by a real estate broker to engage in property management; or who sells or offers for sale, buys or offers to buy, leases or offers to lease, or negotiates the purchase or sale or exchange of a business, business opportunity, or the goodwill of an existing business for others, as a whole or partial vocation.

  • REAL ESTATE BROKERS The following real estate brokers (collectively, the "BROKERS") and brokerage relationships exist in this transaction and are consented to by the Parties (check applicable boxes): See Addendum "A" represents [ ] Lessor exclusively ("LESSOR'S BROKER"); both Lessor and Lessee, and ____________________________________________________ represents [ ] Lessee exclusively ("LESSEE'S BROKER"); both Lessee and Lessor. (See Paragraph 15 for further provisions.)

  • Eligible Real Estate means Real Estate:

  • Base Real Estate Taxes shall be as defined in the Preamble.

  • Material Real Estate Asset means (i) (a) any fee-owned Real Estate Asset having a fair market value in excess of $250,000 as of the date of the acquisition thereof and (b) all Leasehold Properties other than those with respect to which the aggregate payments under the remaining term of the lease are less than $750,000 or (ii) any Real Estate Asset that the Requisite Lenders have determined is material to the business, operations, properties, assets, condition (financial or otherwise) or prospects of Borrower or any Subsidiary of the Borrower.

  • Environmental Management Framework means the Environmental Management Framework, dated November 15, 2008 as updated by the Recipient on July 21, 2010 and disclosed on July 23, 2010, and the technical guidelines for implementation thereof, adopted by the Recipient, giving details of a program of actions, measures and policies designed to maximize the benefits of the Project, eliminate, offset or mitigate any adverse environmental impacts, or reduce such impacts to acceptable levels, as such Environmental Management Framework may be amended from time to time with the prior written agreement of the World Bank and the Recipient, and such term includes any annexes or schedules to such framework.

  • Real estate brokerage activity means any activity that involves offering or providing real estate brokerage services to the public, including:

  • Projected PJM Market Revenues means a component of the Market Seller Offer Cap calculated in accordance with Tariff, Attachment DD, section 6.

  • Other Real Estate means all interests in real estate (other than Bank Premises and Fixtures), including but not limited to mineral rights, leasehold rights, condominium and cooperative interests, air rights and development rights that are owned by the Failed Bank.

  • Commercial establishment means a place of business which is at all times equipped with sufficient tables and seats to accommodate twenty-five persons at one time, and the licensed premises of which conform to the standards and specifications of the division.

  • Real Estate Taxes means all taxes and assessments (special or otherwise) levied or assessed against the Real Estate (including land, buildings, and improvements) to the extent the same are due and payable during each calendar year of the Term. Notwithstanding the foregoing, regardless of Tenant’s exempt status as a Political Subdivision, Tenant shall also be responsible for its Proportionate Share (as an Operating Cost) of all personal property taxes of Landlord relating to Landlord’s personal property located on the Real Estate and used exclusively in connection with the operation and maintenance thereof; any tax or excise on rents, gross receipts tax, or tax or levy in respect to the Minimum Monthly Rental, Additional Rent, or other charges reserved under this Lease or as a result of Landlord’s receipt of such rents or other charges accruing under this Lease; general and special, ordinary and extraordinary, foreseen as well as unforeseen, of any kind and nature whatsoever, or any other tax, however described, which is levied or assessed by the United States of America or the state in which the Real Estate is located or any city, municipality, or political subdivision thereof or authority or any other taxing authority having jurisdiction over the Real Estate (including expenses directly incurred by Landlord in contesting the validity of, in seeking a reduction in, or in seeking to prevent an increase in any such tax(es) or assessment(s)) (“Other Taxes,” and collectively with Real Estate Taxes, “Taxes”), but excluding any net income, franchise, capital stock, estate or inheritance taxes, transfer or mortgage taxes or similar stamp taxes, impact or use fees which are a part of the initial construction of the Building, taxes based on Landlord's income or receipts as a whole rather than those imposed solely on rents from the Real Estate, similar taxes personal in nature to Landlord, against Landlord, or all or any part of the Real Estate, and all fines, interest and penalties incurred by Landlord unless the cause of the same was the failure of Tenant to pay its share of Taxes as provided herein. Landlord shall pay, before the final respective due dates on which the Taxes may be paid so that the lowest amount of Taxes would be due and no interest, fee or penalty would be due.

  • Real Estate Assets means any investment by the Company or the Operating Partnership in unimproved and improved Real Property (including fee or leasehold interests, options and leases), directly, through one or more subsidiaries or through a Joint Venture.

  • Real estate broker means an individual or business entity that, with intent to collect or receive a fee, compensation, or valuable consideration, sells or offers for sale, buys or offers to buy, provides or offers to provide market analyses of, lists or offers or attempts to list, or negotiates the purchase, sale, or exchange of real estate; that negotiates the mortgage of real estate; that negotiates for the construction of a building on real estate; that leases or offers or rents or offers for rent real estate or the improvements on the real estate for others, as a whole or partial vocation; that engages in property management as a whole or partial vocation; that sells or offers for sale, buys or offers to buy, leases or offers to lease, or negotiates the purchase or sale or exchange of a business, business opportunity, or the goodwill of an existing business for others; or that, as owner or otherwise, engages in the sale of real estate as a principal vocation.

  • Additional Financial Centre(s means the city or cities specified as such in the relevant Final Terms;

  • Estate in Real Property A fee simple estate in a parcel of land.

  • Residential real estate means any real property located in this state, upon which is constructed or intended to be constructed a dwelling;

  • Association Property means that property, real and personal, which is owned or leased by, or is dedicated by a recorded plat to, the association for the use and benefit of its members.

  • Property Owner Association Property means, for each Fiscal Year, any property within the boundaries of IA No. 2 that was owned by a property owner association, including any master or sub-association, as of January 1 of the prior Fiscal Year.

  • Undepreciated Real Estate Assets as of any date means the cost (original cost plus capital improvements) of real estate assets of the Company and its Subsidiaries on such date, before depreciation and amortization, determined on a consolidated basis in accordance with GAAP.