ARGUS is a computer program widely used by institutional investors to simulate expected property performance, including that of multitenant office buildings and shopping centers.
Investment value refers to the estimated value of a real estate investment to a specific investor, which can vary from the property's market value based on the investor's unique situation and objectives.
PREA (Pension Real Estate Association) is a non-profit trade association dedicated to serving pension funds and other institutional investors involved in real estate investment.
A landmark property that is well known by the public and highly sought by institutional investors such as pension funds and insurance companies. Generally features one-of-a-kind architectural designs, the highest quality of materials, and expensive finishes. These properties are more desirable than Class A buildings and are likely to stand for hundreds of years.
