Real Estate & Infrastructure Flashcards
What do investors expect from “core real estate” strategies?
stable returns, primarily from income from the property.
What is a “Core Plus” real estate strategy?
Value-add investments that require modest redevelopment or upgrades to lease any vacant space.
Compared to “core real estate strategies”, may provide higher returns.
What are “Value Add” real estate strategies?
Strategies that involve larger-scale redevelopment and repositioning of existing assets and that may allow the investor to earn a higher return compared with core-plus real estate strategies.
What are “Opportunistic Real Estate Strategies”?
Those that include major redevelopment and repurposing of assets.
What are “Greenfield Investments”?
The first stage of development of an infrastructure asset. Involve developing new assets and infrastructure with the intention either to lease or sell to the government.
What are “Brownfield Investments”?
The third-stage of development of an infrastructure asset. Involves expansing existing facilities and may involve privatization of public assets or sale leaseback of completed products.
What are “Secondary Stage Investments”?
The second stage of development of an infrastructure asset. Involves existing infrastructure that do not require further investment. These assets generate immediate cash flow.
