Posted by | Wednesday August 28th, 2019
What are the requirements to qualify as a Long Term Care facility?

A Long Term Care facility designation applies to buildings that meet the following requirements: More than 50% of the total facility space is used primarily for long term acute care,...

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Posted by | Wednesday August 28th, 2019
What are the requirements to qualify as a Medical Office Building?

A Medical Office Building designation applies to buildings that meet the following requirements: More than 50% of total facility space is used primarily to provide diagnosis and treatment (no major...

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Posted by | Wednesday August 28th, 2019
What are the requirements to qualify as a Hospital?

To qualify as a Hospital, the following requirements must be met: More than 50% of the gross floor area of all buildings must be used for general medical and surgical...

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Posted by | Wednesday August 28th, 2019
What are the different categories for MURBs?

Categories for MURBs include: Low Rise (2 to 3) – the building must comprise a minimum of two (2) floors above ground, and four (4) apartment (dwelling) units. Mid Rise...

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Posted by | Wednesday August 28th, 2019
What is a Class C Building?

This is the lowest grade for useable office buildings. These office buildings are generally older and may be located on less desirable streets in older sections of the city, for...

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Posted by | Wednesday August 28th, 2019
What is a Class B Building?

These buildings are a grade below Class A. Generally, they are slightly older buildings with good management and quality tenants. It is not uncommon for value-added investors to target these...

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Posted by | Wednesday August 28th, 2019
What is a Class A Building?

The most prestigious buildings with the most amenities in the best locations. They generally are the most attractive buildings built with the highest quality materials and construction methods. Additionally, these...

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Posted by | Wednesday August 28th, 2019
Who is an Asset Manager?

An Asset Manager develops strategies to maximize the value and cash flow of the properties they manage. They conduct financial analyses, create annual budgets and business plans, manage risk and...

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Posted by | Wednesday August 28th, 2019
What is BOMA 360?

The BOMA 360 Performance Program® sets the standard worldwide for operational best practices in the commercial real estate industry. For building owners and managers who want to help their properties...

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Posted by | Monday August 12th, 2019
What is an RPA and how to I obtain one?

"The Real Property Administrator (RPA) designation program serves the educational needs of both third-party property managers and corporate property managers. The courses familiarize students with the many aspects of operating...

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