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-D-
Dark
Space - Vacated retail space. Tenant
may be still paying rent but "induced" smaller
tenants may exercise right to cancel leases with the
major tenant goes "dark".
Date
of Last Sale - Identifies the date of
the last sale or legal conveyance of the property.
Debt
Coverage Ratio - Measures a mortgaged
property's ability to cover monthly payments defined
as the ratio of net operating income over the mortgage
payments. A DCR, or DSCR (debt service coverage ratio),
of less than 1.0 means that there is insufficient cash
flow generated by the property to cover required debt
payments.
Debt
Service Coverage Ratio - Measures a
mortgaged property's ability to cover monthly payments
defined as the ratio of net operating income over the
mortgage payments. A DSCR of less than 1.0 means that
there is insufficient cash flow generated by the property
to cover required debt payments.
Departmental
Revenue - The total revenue from hotel
operations that includes revenues from Food & Beverage,
Telephone, Other Departmental Revenue and Other Income.
Direct
Billed Expense Reimbursement - Identifies
that the cost of the associated item is directly billed
to the lessee; different from a tenant reimbursement.
Discount
Margin - The difference between the
price of a security and the face amount of the security.
Discount
Rate - The rate applied to each year’s
cash flow from a building to determine the net present
value (NPV) of a series of cash flows.
Dock
Height - Identifies the height or elevation
of the primary loading docks on the building; dock height
loading docks facilitate the transfer of products or
materials directly from a building to a vehicle (usually
a truck or tractor trailer); dock height platforms typically
allow a forklift to drive from the building directly
on to a vehicle; often with dock levelers to provide
a flush level surface.
Dock
Level - Identifies the type and level
of the dock facilities. Options include Dock Height,
At Grade, Both or Don't Know.
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