Commercial Real Estate Glossary

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Pricing Qualifiers


Each price is categorized by one of four qualifiers depending on the source of the information. Prices are averaged if conflicting reports are received from similarly qualified sources.

  • Confirmed: information reported directly from a participant in the deal (the buyer, seller or broker) or from public records. Most prices are confirmed via two or more independent sources; however, RCA does not guarantee its accuracy. Approximately 75% of the prices are qualified as confirmed.
  • Approximate: derived from reliable published reports attributed to industry sources or generally rumored in the marketplace. Approximately 15% of the prices are qualified as approximate.
  • Street Talk: the assumed price a particular property has traded at. This is usually derived from published reports referencing a local professional not directly involved in the property's trade, but knowledgeable of factors affecting the price of a particular property.
  • Allocated: an individual property's price is pro-rated based on the total price of an entire portfolio. The allocation for office, flex/industrial and retail properties is based on square feet. For apartments, it is based on number of units. Allocated prices are not usually an accurate measure of an individual property's price, but are accurate for the entire portfolio and aggregated statistics. Approximately 6% of the prices are qualified as allocated.
  • Estimated: based on the offering price or market averages where no price information is available. Less than 5% of the prices are estimated.
  • Appraised: based on the official evaluation of a lender (seen on refinancings)




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This site and the reports herein represent the most comprehensive data set of investment activity compiled for the commercial real estate industry. While no information in this highly fragmented market is perfect or all encompassing, Real Capital Analytics (RCA) has established rigid data collection and classification methodology including sourcing requirements and procedures to ensure information is accurate and timely.

RCA has attempted to conform wherever possible to the proposed standards and definitions of the Data Consortium (sponsored by NCREIF, PREA, NAREIM) and the Appraisal Institute. Any known deviations from these standards are noted.

 

Most Active

 NameVol.(bil)#props
1 Macklowe Prope...$6.910
2 Vasakronan AB$6.1106
3 GE Capital$5.097
4 Morgan Stanley$4.675
5 Aviva$4.469
6 Canica AS$3.930
7 Royal Bank of ...$3.8237
8 Starwood Capit...$3.517
9 Lehman Brothers$3.434
10 JP Morgan Chase$2.921
deals reported closed in past 12 months valued at $20 mil. or greater
 

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+1 212-387-7103


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