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 2.10.
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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.

  • 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.

  • Levels of PeCB were highest, ranging from 0.01 to 3.7 mg/kg, while levels of trichloro- and tetrachlorobenzenes ranged between <0.01 and 0.5 mg/kg (Lunde & Ofstad, 1976).

  • Please see information provided under the heading Real Estate Held for Development and Sale in this MD&A.On July 30, 2018, the Corporation completed the sale of a 1.8 acre commercial parcel of land for $2,688 and a 7.8 acre multi-family parcel of land for $7,810 in Calgary.Genesis has two parcels of land in the Calgary Sage Meadows community under contract to sell, consisting of two multi-family parcels of 4.7 and 3.9 acres, respectively.

  • 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.

  • The following table shows 2020 and 2019 balances: Increase 2020 2019 (Decrease) Real Estate Held for Development $428,372 $428,372 $0 Totals $428,372 $428,372 $0 Additional information on the real estate held by the CIC can be found in Note 4.

  • Real Estate Held for Development and Sale and Joint Venture Activities Real estate held for development and sale and joint venture activities consists of the combined activities of St. Lucie West Holding Corporation ("SLWHC") and Levitt and Sons, Inc.

  • Please see information provided under the heading Real Estate Held for Development and Sale in this MD&A.In 2018, the Corporation completed the sale of three parcels of multi-family and commercial land (13.2 acres) in Calgary for gross proceeds of $15,126.Genesis has a multi-family parcel of 4.9 acres under contract to sell, which is expected to be completed in 2020, although there can be no assurances that it will close.

  • 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.

  • 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.

Related to Real Estate Held for Development

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

  • Real estate salesperson means an individual who for compensation or valuable consideration is employed either directly or indirectly by a licensed real estate broker to sell or offer to sell, buy or offer to buy, provide or offer to provide market analyses of, list or offer or attempt to list, or negotiate the purchase, sale, or exchange of real estate; to negotiate the mortgage of real estate; to negotiate for the construction of a building on real estate, or to lease or offer to lease, or rent or offer for rent, real estate; who is employed by a real estate broker to engage in property management; or who sells or offers for sale, buys or offers to buy, leases or offers to lease, or negotiates the purchase or sale or exchange of a business, business opportunity, or the goodwill of an existing business for others, as a whole or partial vocation.

  • 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.

  • Non-profit housing development means development of a building or structure intended for use as residential premises by,

  • Cluster development means a contiguous cluster or

  • 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:

  • Affordable housing development means a development included in the Housing Element and Fair Share Plan, and includes, but is not limited to, an inclusionary development, a municipal construction project or a 100 percent affordable development.

  • 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;

  • experimental development means acquiring, combining, shaping and using existing scientific, technological, business and other relevant knowledge and skills with the aim of developing new or improved products, processes or services. This may also include, for example, activities aiming at the conceptual definition, planning and documentation of new products, processes or services;

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

  • Housing development as used in this section, means a development project for five or more residential units, including mixed-use developments. For the purposes of this section, “housing development” also includes a subdivision or common interest development, as defined in Section 4100 of the Civil Code, approved by a city, county, or city and county and consists of residential units or unimproved residential lots and either a project to substantially rehabilitate and convert an existing commercial building to residential use or the substantial rehabilitation of an existing multifamily dwelling, as defined in subdivision (d) of Section 65863.4, where the result of the rehabilitation would be a net increase in available residential units. For the purpose of calculating a density bonus, the residential units shall be on contiguous sites that are the subject of one development application, but do not have to be based upon individual subdivision maps or parcels. The density bonus shall be permitted in geographic areas of the housing development other than the areas where the units for the lower income households are located.

  • 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.

  • Michigan state housing development authority means the public body corporate and politic created by Section 21 of the State Housing Development Authority Act of 1966, 1966 PA 346, MCL 125.1421.

  • Redevelopment means areas where development is replacing older development.

  • Regulated motor vehicle surface means any of the following, alone or in combination:

  • Social development company means a company whose primary purpose in Sudan is to provide humanitarian goods or services, including medicine or medical equipment, agricultural supplies or infrastructure, educational opportunities, journalism-related activities, information or information materials, spiritual-related activities, services of a purely clerical or reporting nature, food, clothing, or general consumer goods that are unrelated to oil-related activities, mineral extraction activities, or power production activities.

  • Community mental health center or "CMHC" means a facility offering a comprehensive array of community-based mental health services, including but not limited to, inpatient treatment, outpatient treatment, partial hospitalization, emergency care, consultation and education; and, certain services at the option of the center, including, but not limited to, prescreening, rehabilitation services, pre-care and aftercare, training programs, and research and evaluation.

  • Infill development means new construction on a vacant commercial lot currently held as open space.

  • Lots Under Development Entitled Land where physical site improvement has commenced but which is not a Finished Lot, Unit Under Construction or Unit Under Contract.

  • Economic Development Property means those items of real and tangible personal property of the Project which are eligible for inclusion as economic development property under the FILOT Act and this Fee Agreement, and selected and identified by the Company or any Sponsor Affiliate in its annual filing of a SCDOR PT-300S or comparable form with the Department (as such filing may be amended from time to time) for each year within the Investment Period.

  • sustainable development means development that meets the needs of the present generation 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, car wash facilities, mini-malls and other business complexes, shopping malls, hotels, office buildings, public warehouses and other light industrial complexes.

  • Qualified agricultural property means that term as defined in section 1211 of the revised school code, MCL 380.1211.