Multifamily Assets definition

Multifamily Assets. Purchased Assets with respect to which the Mortgaged Property consists of real property with five or more residential rental units (including mixed use multi-family/office and multi-family retail) as to which the majority of the underwritten revenue is from residential rental units.
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Examples of Multifamily Assets in a sentence

  • Multifamily Assets Under Construction Note: Table shown at 100 percent share.

  • Employing new leasing strategy, executed by new team with updated vision Revitalize Waterfront Leasing Reposition and rebrand waterfront office to improve occupancy Current Asset Mix Improves Quality of Cash Flow Higher Concentration of Multifamily Assets Reduces Capital Needs Suburban Office, 35% Residential, 37% Waterfront Office, 28% Note: The annualized 2Q 2020 corporate NOI includes income (expense) attributed to entities not directly associated with assets in the portfolio.

Related to Multifamily Assets

  • Portfolio Assets means all Loan Assets owned by the Borrower, together with all proceeds thereof and other assets or property related thereto, including all right, title and interest of the Borrower in and to:

  • Residential property means improved property that:-

  • 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.

  • Real Estate Asset means, at any time of determination, any interest (fee, leasehold or otherwise) then owned by any Credit Party in any real property.