Core – (investment strategy)
A real estate investment strategy categorized by low risk and commensurately low, stable returns. Coreinvestment strategies typically involve longer hold periods, lower levels of leverage, and higher quality assets. Core investments are generally stabilized properties, with high occupancy rates and predictable cash flows. Investors of core real estate investments value stable, reliable and consistent cash flows over price appreciation.
Core – (structural)
The space in a multi-story building that commonly houses the elevators, stairwells, space for vertical MEP distribution, janitorial closets, and restrooms. It is common for buildings to have the core space in the center of the building, but the design and development team may sometimes elect to create a side core for various reasons such as if a central core would create inefficient floor plates that would not compete with the market.