Words for the Wise NAME
ABBR.
DESCRIPTION
Anchor Tenant
Any Tenant occupying at least 10,000 square feet at a shopping center.
Base Rent
BR
The minimum monthly rent that a tenant is obligated to pay under a Lease. Base Rent is most often quoted as an annual dollar amount per square foot based on the square footage that a Tenant occupies at the center.
Basic Info REIT
BR
A file maintained by the Lease Administration team that includes pertinent Lease and Tenant information for every active Lease in Regency’s portfolio. The file is updated monthly.
BOD
An elected group of individuals that represents our shareholders and serve as trusted advisors to our company. Regency’s Executive Committee regularly consults with and reports company information to the BOD.
Capital Allocation Committee
CAC
The Regency committee that determines the most efficient and effective use of Regency’s capital. The committee reviews and approves investment opportunities including potential acquisitions, groundup developments and redevelopments.
Capitalization Rate
CAP RATE
The expected rate of return at a specific point in time based on a property’s forecasted 12 months of NOI and an Estimated Property Value.
Code of Business Conduct and Ethics
CODE
The set of principles that guides us, our employees and our independent contractors in all business dealings.
CAM
The work performed by the Landlord to operate and maintain the common area of a property (e.g., parking lot sweeping, external lighting, security, landscaping, etc.). These expenses may be reimbursable or nonreimbursable by the Tenants at a center.
CAGR
The rate of return that would be required for an investment to grow from its beginning balance to its ending balance, assuming the profits are reinvested at the end of each year of the investment’s lifespan.
Board of Directors
Common Area Maintenance
Compound Annual Growth Rate (CAGR)