Stabilized Property means, any Property that is not a Development Property.
Stabilized Property means a completed Property that has achieved an Occupancy Rate of at least eighty percent (80%) for a period of not less than one (1) full calendar quarter.
Stabilized Property. Real Estate (a) which is a commercial property operating as a Multifamily Property that is completed with tenants in occupancy and open for business, or (b) which has ceased to be a “Construction in Process” in accordance with the definition thereof.
Examples of Stabilized Property in a sentence
The earliest extant manuscript of the first volume of Luke-Acts contains the sentence ‘The gospel according to Luke’ (Witherington 1998a: 56).
Additionally, the Borrower may elect to designate a project as a Stabilized Property as provided for in the definition of Development Property.
Stabilized Property A property acquired individually (i.e., not through a bulk purchase) is classified as stabilized once it has been renovated by the Company or newly constructed and then initially leased or available for rent for a period greater than 90 days.
The Adjusted Net Operating Income for any Stabilized Property divided by the Capitalization Rate.
For any period and with respect to any improved portion of a Stabilized Property, an amount equal to $0.25 multiplied by the total raised square footage of the Buildings in such Real Estate.
More Definitions of Stabilized Property
Stabilized Property means a completed project that has achieved a Leased Rate of at least 75%, provided that a Development Property on which all improvements related to the development of such Real Estate have been substantially completed (excluding tenant improvements) for at least 18 months shall constitute a Stabilized Property. Additionally, any Development Property which has a Capitalized Value exceeding or equal to its undepreciated GAAP book value shall constitute a Stabilized Property. Once a project becomes a Stabilized Property, it shall remain a Stabilized Property.
Stabilized Property means all Properties except (i) any Acquisition Property, Construction Property or Redevelopment Property until such Property has become a Stabilized Property in accordance with the definitions of Acquisition Property Value, Construction Property Value and Redevelopment Property Value, (ii) any Property described in clause (v) of the definition of Non-Stabilized Property Value until such Property has become a Stabilized Property in accordance with such definition, and (iii) any Condo Property.
Stabilized Property has the meaning specified in the definition of “Development Property”.
Stabilized Property means a completed Property which contains improvements that are in operating condition and available for occupancy, with respect to which valid certificates of occupancy have been issued and are in full force and effect, and that has achieved a Leased Rate of at least eighty-five percent (85%) for a period of not less than thirty (30) consecutive days; provided that a Development Property on which all improvements related to the development of such Property have been substantially completed (excluding tenants improvements) for at least twenty-four (24) months or as to which its Capitalized Value exceeds its GAAP book value will constitute a Stabilized Property. For the avoidance of doubt, an individual parcel of Property can be the site of both one or more Stabilized Properties and Development Properties. Once a project becomes a Stabilized Property, it will remain a Stabilized Property as determined in the good faith judgment of the Chief Financial Officer of the Company.
Stabilized Property means at any time retail Properties (i) which are at least 90% leased (pursuant to written leases which have been signed by both landlord and tenant and under which the payment of Base Rent has commenced) or (ii) are at least 80% occupied by tenants which have accepted the premises and signed (together with the landlord) a lease, and with respect to which the date for the commencement of payment of Base Rent has been established.
Stabilized Property means, at any time, an Office Property that does not in the following 24 months require capital expenditures exceeding 33% of the property’s proposed acquisition cost in order for the property to function at its highest and best use.
Stabilized Property means (i) with respect to an acquisition of an income producing property, a property becomes stabilized when the Trust or its Subsidiaries have owned the property for at least four (4) full quarters and (ii) with respect to new construction or redevelopment property, a property becomes stabilized four (4) full quarters after the earlier of (a) eighteen (18) months after substantial completion of construction or redevelopment, and (b) the quarter in which the physical occupancy level of the property is at least ninety-three percent (93%).