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Life Cycle of property
Real Estate Investing Definition

The definition of Life Cycle of property is:

Pre-development when the site is raw land and a building permit has been issued. Development when under construction including preparation and installation of infrastructure. Initial Leasing when construction is on going and the property is being marketed for one year or less. Operating properties have achieved 60% leased status since construction or have been available for occupancy for more than one year. Harvesting is the term applied when a property is to be sold or already sold.

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