institutional grade property

Definition

A variety of types of real estate properties usually owned or financed by tax-exempt institutional investors.

Use this term in a sentence

It was institutional grade property and that was really cool to me and I was very happy with it and what it meant.

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You should try to make sure that you always purchase an institutional grade property so you know your money is well spent.

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The historic hotel downtown which was in need of extensive repairs was purchased by the redevelopment corporation as an institutional grade property.

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