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GLOSSARY All | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | Fair Market Value (FMV) For real estate investments, the cash price that might reasonably be anticipated in a current sale, after exposure to the open market for a reasonable period of time. First Mortgage Financing For real estate investments, the highest priority debt secured by a property. Fund Size Amount of capital committed by the limited and general partners of a fund. Fund-of-funds Fund that invests in other private equity or real estate partnerships; diversifies investors’ allocation across fund managers, geography, size of fund, and type and stage of financing. |
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