There are 2 names in this directory beginning with the letter V.
Vacancy Rate
The percentage of all units or space that is unoccupied or not rented. On a pro-forma income statement a projected vacancy rate is used to estimate the vacancy allowance, which is deducted from potential gross income to derive effective gross income.
Value-Add
An investment strategy that targets underperforming properties with upside potential. Physical value-add strategies aim to improve the property itself by completing deferred maintenance, renovating unit interiors or adding new amenities. Operational value-add strategies aim to improve property fundamentals by addressing managerial issues. The most successful value-add strategies often involve aspects of physical and operational value-add strategies.