Sitemap
Every page on The Upleg.
Organized by section. Looking for a topic? Start with the glossary or the guides index.
Core Pages
Calculators
Guides
- All Guides
- The 1031 Buyer's Field Guide
- NNN 101: Triple Net Without the Triple Talk
- Cap Rates, Decoded
- Multifamily for First-Timers
- Industrial: The Boring One That Keeps Winning
- DSTs Demystified
- Self-Storage: Boring. Beautiful. Mostly Concrete.
- Medical Office: The Asset Class That Survives Recessions
- Mobile Home Parks: The Asset Class That Embarrasses Everyone
- Industrial Outdoor Storage: The Niche That Quietly Got Institutional
- Cold Storage: The Industrial Subset That Costs $300 a Foot
- Data Centers: A Power Contract With a Roof
- Senior Housing: Operationally Brutal, Demographically Inevitable
How-To Guides
- All How-Tos
- How to Calculate a Cap Rate
- How to Vet a Qualified Intermediary (QI)
- How to Read a Multifamily Rent Roll
- How to Underwrite a Multifamily Deal
- How to Evaluate a DST Offering
- How to Negotiate a NNN Lease (Landlord Side)
- How to File IRS Form 8824 for a 1031 Exchange
- How to Identify 1031 Replacement Property (The 45-Day Form)
- How to Read a Commercial T-12
- How to Build a 1031 Exchange Timeline
Comparisons
- All Comparisons
- DST vs TIC
- 1031 Exchange vs Opportunity Zone
- NNN vs Gross Lease
- Absolute Net vs Triple Net
- Forward vs Reverse 1031 Exchange
- Bridge Loan vs Agency Debt
- CMBS vs Bank Loan
- REIT vs Direct Ownership
- 1031 Exchange vs 721 UPREIT
- Cap Rate vs Cash-on-Cash Return
- IRR vs Equity Multiple
- Agency Debt vs Life Company Debt
- Direct CRE Ownership vs Syndication
- NNN vs Modified Gross Lease
- Class A vs Class B Real Estate
- 1031 Exchange vs Deferred Sales Trust
- Cost Segregation vs Straight-Line Depreciation
- SBA 504 vs SBA 7(a) for Commercial Real Estate
- DST vs NNN
- 1031 Exchange vs Just Paying the Tax
- NNN vs Multifamily
- Three-Property Rule vs 200% Rule
- NNN vs DST: Where Should $500K-$2M of 1031 Equity Go?
- Ground Lease vs NNN
NNN Tenant Analysis
- All NNN Tenants
- Walgreens
- CVS
- Dollar General
- Dollar Tree
- Family Dollar
- O'Reilly Auto Parts
- AutoZone
- Advance Auto Parts
- Chick-fil-A
- Starbucks
- McDonald's
- 7-Eleven
- Taco Bell
- Tractor Supply
- Fresenius Medical Care
- Wawa
- Sheetz
- Circle K
- Sherwin-Williams
- Aldi
- Costco (Ground Lease)
- Texas Roadhouse
- Dutch Bros
- Olive Garden (Darden)
- Burger King
- Amazon
- FedEx
News
- All News
- Industry News
- Rates & Lending
- Multifamily
- Industrial
- Retail
- Office
- DSTs
- Recent posts
- What the 10-year is doing to cap rates this spring
- The 2026 multifamily bridge-refi wave is here
- Dollar General closures and what NNN investors should actually watch
- Industrial absorption slowed in Q1 — but the story is submarket
- DST capital raise held steady in Q1. Here's what sponsors are actually raising for.
1031 Exchange by State
- All 50 State Pages
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
CRE Terms Glossary · 132 terms
- 1031 Exchange
- 180-Day Rule (Exchange Period)
- 200% Rule
- 45-Day Rule (Identification Period)
- 721 UPREIT Transaction
- 95% Rule
- Absolute Net
- ALTA Survey
- Amortization
- Assumable Loan
- Balloon Payment
- Big-Box Retail
- Bondable Lease
- Bonus Depreciation
- Boot
- Bridge Loan
- Bridge-to-Perm
- Brownfield
- Build-to-Suit
- CAM (Common Area Maintenance)
- Cap Rate (Capitalization Rate)
- Cash-on-Cash Return
- CBD (Central Business District)
- Class A
- Class B
- Class C
- CMBS (Commercial Mortgage-Backed Securities)
- Co-Tenancy Clause
- Construction Loan
- Cost Segregation
- Covenant
- Data Center
- Debt Service
- Debt Service Coverage Ratio (DSCR)
- Debt Yield
- Defeasance
- Delaware Statutory Trust (DST)
- Depreciation Recapture
- Drop-and-Swap
- Due Diligence
- Easement
- Equity Multiple
- Estoppel Certificate
- Exclusive Use Clause
- Fee Simple
- Flex Space
- Free Rent (Concession)
- General Partner (GP)
- Go-Dark Clause
- Good Guy Guarantee
- Greenfield
- Gross Lease (Full-Service Lease)
- Gross Rent Multiplier (GRM)
- Ground Lease
- Ground-Up Development
- Hard Corner
- Identification Rules
- Improvement (Build-to-Suit) Exchange
- Industrial Outdoor Storage (IOS)
- Infill
- Interest-Only Loan
- Internal Rate of Return (IRR)
- Joint Venture (JV)
- Kickout Clause
- Lease Commencement
- Lease Option
- Leasehold Interest
- Letter of Intent (LOI)
- Like-Kind Property
- Limited Partner (LP)
- LLC (Limited Liability Company)
- Loan Constant
- Loan-to-Cost (LTC)
- Loan-to-Value (LTV)
- MACRS
- Manufactured Housing Park (MHP)
- Master Lease
- Medical Office Building (MOB)
- Mezzanine Debt
- Mini-Perm
- Modified Gross Lease
- Net Investment Income Tax (NIIT)
- Net Operating Income (NOI)
- NNN Lease (Triple Net)
- Non-Recourse Loan
- Offering Memorandum (OM)
- Operating Partnership (OP)
- Opportunity Zone
- Passive Loss Rules
- Percentage Rent
- Permanent Loan
- Phase I Environmental Site Assessment
- Phase II Environmental Site Assessment
- Power Center
- Preferred Equity
- Prepayment Penalty
- Pro Forma
- Purchase and Sale Agreement (PSA)
- Qualified Business Income (QBI) Deduction
- Qualified Intermediary (QI)
- Recourse Loan
- REIT (Real Estate Investment Trust)
- Relinquished Property
- Rent Roll
- Replacement Property
- Return on Cost
- Return on Equity (ROE)
- Reverse Exchange
- Right of First Offer (ROFO)
- Right of First Refusal (ROFR)
- Sale-Leaseback
- Section 1031
- Section 121 Exclusion
- Senior Housing
- SNDA (Subordination, Non-Disturbance, and Attornment)
- Sponsor
- Starker Exchange
- Step-Up in Basis
- Strip Center
- Submarket
- Syndication
- Syndication Waterfall
- T-12 (Trailing 12 Months)
- Tax Increment Financing (TIF)
- Tenant Improvement (TI) Allowance
- Tenant-in-Common (TIC)
- Three-Property Rule
- Title Insurance
- Triple Net
- Unrecaptured Section 1250 Gain
- Yield Maintenance
- Yield on Cost (YOC)