Real Estate Held for Development definition

Real Estate Held for Development means that portion of the real estate of the Company or its Restricted Subsidiaries consisting of all undeveloped real estate, prior to the commencement of construction for which such entity intends to develop into residential lots, valued at the lesser of cost or market and if such property is subject to Unleveraged Seller Financing, net of the amount of such Unleveraged Seller Financing.
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Real Estate Held for Development is defined in Section 2.11.
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Examples of Real Estate Held for Development in a sentence

  • Real Estate Held for Development represents property donated or transferred to CCIC by the City to be used in future economic development projects as well as land currently being utilized for an economic development project.

  • Real Estate Held for Development and Sale and Joint Venture Activities Real estate held for development and sale and joint venture activities consisted of the combined activities of Core Communities, Inc.

  • When the 25 Claimant returned, she simply picked up the same clients.

  • No impairment losses were recorded in the year ended June 30, 2003.(7) Real Estate Held for Development and SaleBHC is involved in the development and sale of several real estate projects throughout the United States.

  • This liability is subject to uncertainty due to the longer time frames involved, specifically in land development.Impairment of Real Estate Held for Development and SaleThe Corporation estimates the net realizable value (“NRV”) of real estate held for development and sale at least annually for impairment or whenever events or changes in circumstances indicate the carrying value may exceed NRV.

  • Please see information provided under the heading Real Estate Held for Development and Sale in this MD&A.Genesis has a multi-family parcel of 4.9 acres in its Sage Meadows community under contract to sell for $6,546, with a proposed closing date in the third quarter of 2020, although there can be no assurances that it will close.

  • The following table shows 2022 and 2021 balances: Increase 2022 2021 (Decrease) Real Estate Held for Development $975,955 $893,955 $82,000 Totals $975,955 $893,955 $82,000 Additional information on the real estate held by the CIC can be found in Note 4.

  • Real Estate Held for Development and Sale and Cost Recognition Development rights, construction, and amenities costs associated with the ONE Ala Moana Project are capitalized as real estate held for development and sale at the lower of its carrying amount or fair value less costs to sell.

  • The booked difference arising from financial statement in the amount of THB 0.26 million is come from the items of Real Estate Held for Development which is not allocated to each asset.

  • EBITDA 8.0xBook Value of Real Estate Held for Development$ 136.1$ 137.3(EV - Book Value of Real Estate) / FY16 Adj.

Related to Real Estate Held for Development

  • Real Estate Business means homebuilding, housing construction, real estate development or construction and related real estate activities, including the provision of mortgage financing or title insurance.

  • 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-Related Assets means any investments by the Company or the Operating Partnership in Mortgages and Real Estate-Related Securities.

  • Commercial real estate means real estate or an interest in real estate that is not any of the following:

  • Real estate sign means a temporary non-illuminated sign installed, erected or displayed on a property for the notification that a building, premises or portion thereof is offered for sale, rent or lease;

  • Residential Development means lands, buildings or structures developed or to be developed for residential use;

  • Major development means an individual “development,” as well as multiple developments that individually or collectively result in:

  • Residential real estate means any real property located in this state, upon which is constructed or intended to be constructed a dwelling;

  • Owned Real Estate means all land, together with all buildings, structures, fixtures, and improvements located thereon and all easements, rights of way, and appurtenances relating thereto, owned by the Company or any of its Subsidiaries.

  • Redevelopment means areas where development is replacing older development.

  • Lots Under Development means all Land Held for Development with respect to which the Borrower or any Subsidiary Guarantor has obtained all necessary approvals for its subdivision for residential housing units (including condominium units), and which the Borrower or any Subsidiary Guarantor is actively developing into Finished Lots; provided, however, that the term “Lots Under Development” shall not include any land upon which the construction of a residential housing unit has commenced.

  • sustainable development means development which meets the needs of the present without compromising the ability of future generations to meet their own needs.

  • Commercial Development means any development on private land that is not heavy industrial or residential. The category includes, but is not limited to: hospitals, laboratories and other medical facilities, educational institutions, recreational facilities, plant nurseries, multi-apartment buildings, car wash facilities, mini-malls and other business complexes, shopping malls, hotels, office buildings, public warehouses and other light industrial complexes.