Definition of «purpose properties»

The term "Purpose Properties" refers to a type of real estate investment that is designed to generate social, environmental or financial benefits in addition to its primary function as a source of income. These types of properties can include affordable housing, renewable energy projects, and sustainably built structures among others. The goal of purpose properties is to create positive impacts beyond just generating profits for investors, by addressing social needs such as providing affordable housing or reducing carbon emissions through the use of green technology.

Sentences with «purpose properties»

  • It has completed appraisals on a wide range of property types, including office, retail, industrial, multi-family residential, land, hotels, self - storage facilities and special purpose properties such as car washes, gas stations and auto dealerships. (remonline.com)
  • Owners of single - purpose properties such as broadcast facilities, churches, and fast - food restaurants regularly consult with our attorneys well in advance of the «taking» to ensure they are legally protected at every step of the process. (shutts.com)
  • 0 N Market / Hwy 1 North Hwy is aspecial purpose property for lease in Shreveport, LA. (rofo.com)
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