ARCHITECTURE

dictionary of real estate
terms
glossary of commercial
real estate
dictionary of architecture
and construction
the dictionary of urbanism
a return of the funds invested
and a return on investment from
those funds.
2. An asset purchased for the
purpose of preserving and increasing
wealth.
Investment value: The value to a
specific investor, based on that
investor’s requirements, tax rate,
or financing.
Model
(See Simulate)
Simulate: Artificially replicate
the behavior of a system for purposes
of analysis. The simulation
may be less complex than the actual
system, allowing the analyst
to focus on certain variables that
are of interest.
Model
Cash Flow Model: The framework
used to determine the cash
flow from operations and the
cash proceeds from sale.
Model
A pattern of an item to be reproduced,
often in quantity.
Model
A simplified representation
of reality. This may be in the
form of a theory, a set of mathematical
or statistical formulae,
or a scaled-down, threedimensional,
physical structure
(in wood, card, or polystyrene for
example). Physical models can
help people to understand urban
form (and can also be a means
of deception). Mathematical
models enable calculations to
be made about what is likely to
happen in a range of different
circumstance (and can be used
to create a spurious sense of
objectivity). Other models are
expressions, in words, of ideas.
Private
Private Sector: All economic
activity other than that of government.
Private
Private
Private Area: The area, whether
within or outside a building,
which is reserved for the exclusive
use of a single family.
Private
Privatism: The tendency for
people to live their lives in
private rather than in public,
making less use of public
space and being less involved
in community organizations.
Project
Project
Project
1. A construction undertaking,
composed of one or more buildings
and the site improvements,
Project
1. A defined task; a set of activities
carried out to fulfil a defined
aim; and individual element in a
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