Highest and best use

The supposedly anticipated and lawful use of unoccupied land or a restored structure that's physically possible, suitably backed, financially possible and that ends in the most ideal value


The acronym for heating, ventilating and air conditioning

Hybrid debt

A mortgage situation with equity-like association characteristics in both assets and the increase of the premises at the period of sale or refinance

Hold-over tenant

A leaseholder keeping possession of the rental following the finish of a lease

Implied cap rate

Overall operating earnings divided by the sum of a REIT's equity market capitalization and its whole unresolved debt