Commercial Real Estate Acronyms

CRE Terms

 

ADA – Americans with Disabilities Act: a federal law that prohibits discrimination against people with disabilities

AA – Administrative Assistant: a real estate professional who primarily performs administrative tasks

AI – Artificial Intelligence: technology involving computers and machines that can learn, reason, and act in ways that typically would require human intelligence; in commercial real estate, this is often in reference to smart buildings

APM – Assistant Property Manager: a real estate professional who is responsible for the management and operation of a property or properties and often reports to a Property Manager

AQI – Air Quality Index: an indicator of the current or future pollution level of air

BAS – Building Automation System: an integrated, centralized, and automated system that controls several aspects of a building’s operation, which may include heating, ventilation and air conditioning; electrical; lighting; access control; security; and other systems

BE – Building Engineer: a real estate professional who is responsible for the operation and maintenance of building systems and infrastructure; often reports to a Chief Building Engineer

BTU – British Thermal Unit: a unit of measure expressing the amount of heat necessary for raising or lowering the temperature of 1 pound of water by 1 degree Fahrenheit

CAF – Common Area Factor: the common area factor of a property, which is also referred to as the load factor or as the add-on factor; it is the increase in the rentable square footage (RSF) above the usable square footage (USF); the following equation is used to calculate a Common Area Factor: CAF = (RSF – USF) ÷ USF

CAM – Common Area Maintenance: costs incurred by tenants in addition to their base rent that are used to cover routine operational and maintenance expenses of the shared spaces, or “common area” of a property; since the common areas of a property are not leased to a single tenant but are instead accessible and usable by all tenants, these expenses are shared proportionately among tenants

CCTV – Closed Circuit Television: the use of cameras to transmit a signal to a specific location rather than publicly broadcasted; in commercial real estate typically used in reference to surveillance and property security

CD – Construction Drawing: a set of drawings and specifications related to the construction of a building or space; sometimes also referred to as blueprints

CE – Chief Engineer: a real estate professional who is responsible for the operation and maintenance of building systems and infrastructure and has other building engineers and/or other who are responsible for building operation and maintenance reporting to them

CID – Community Improvement District: a geographic area of non-residential properties in which property owners choose to pay an additional fee or tax with those funds dedicated to services to improve that geographic area, commonly safety, capital improvements, beautification and other services

CO – Change Order: a written request and agreement to change the previously agreed to scope of work or timeline for project completion, typically associated with construction projects

CO – Certificate of Occupancy: a government-issued legal document declaring a property meets codes and usage requirements and is safe to occupy

COI – Certificate of Insurance: a document that provides proof of insurance coverage

CRE – Commercial Real Estate: effectively, all real estate that is not used by the property owner for their own living space

ESFR – Early Suppression, Fast Response: a quickly responding and high volume fire suppression system that is typically used in warehouses and industrial real estate

ESG – Environmental, Social, and Governance: an investing principle prioritizing environmental and social issues and corporate governance

EV – Electric Vehicle: a vehicle that uses electric motors as its source of propulsion

FF&E – Furniture, Fixtures, and Equipment: generally, all movable furniture, fixtures, and other equipment that are not permanently connected to a building’s structure; sometimes the word furnishings is substituted for fixtures

FP&A – Financial Planning and Analysis: budgeting, forecasting, and analysis that is produced and used to ensure informed decision making, particularly in major decisions made by a company’s board of directors, chief financial officer, chief executive officer, or senior leadership

GM – General Manager: a real estate professional who is typically responsible for the operation, management, and financial performance of a portfolio of properties and leads a team of other real estate professionals in the execution of these responsibilities

HEPA – High Efficiency Particulate Air: a type of pleated air filter that can theoretically remove a minimum of 99.97% of dust, pollen, mold, bacteria, and any airborne particles with a size of 0.3 microns

HVAC – Heating, Ventilation, and Air Conditioning: the equipment that controls the temperature, humidity, and purity of the air inside of a building

IAQ – Indoor Air Quality: air quality within a building or space, which influences the comfort, health, work performance, and productivity of the occupants of that building or space

IBC – International Building Codes, primarily used in the USA

IoT – Internet of Things: devices, software, and other technologies that are connected to exchange information and share data over the internet; in commercial real estate often used in reference to smart buildings

KwH – Kilowatt Hours: a unit of energy that is commonly used to measure energy consumption

LAN – Local Area Network: a computer network that interconnects in a limited area, such as within an office building

LC – Leasing Commission: the fee paid to a real estate broker or agent upon the closing of a lease

LED – Light Emitting Diode: a semiconductor device that emits light when an electrical current flows through it; often used in commercial real estate to in reference to energy efficient lighting

LL – Landlord: the owner of a property who leases or rents their property in exchange for the payment of rent and other fees

LLC – Limited Liability Corporation: a legal entity in the United States that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation

LOI – Letter of Intent: a written document outlining the understandings between two or more parties that the parties intend to formalize in a legally binding agreement

LOU – Letter of Understanding – Confirms the Lease commencement data after construction

MEP – Mechanical, Electrical, and Plumbing: in building construction, operation, and maintenance, the mechanical, electrical, and plumbing systems and equipment ensure that a property is safe to occupy and use

MOB – Medical Office Building (sometimes also referred to as Medical Outpatient Building): a type of commercial real estate property where medical professionals serve patients; MOB typically refers to a building other than a hospital

MSDS – Material Safety and Data Sheet: a document that lists information explaining possible occupational and safety hazards, including materials that could be hazardous to both people and the environment

MT – Maintenance Technician: an individual who performs general maintenance and repairs for a property; individuals in this role may advance to become a Senior Maintenance Technician (SMT)

NNN – Triple Net Lease: a lease where a tenant pays a base rent to a landlord and also directly pays for their own operating expenses, typically including utilities, property taxes, building insurance, and property maintenance and repairs; in NNN, the “N” stands for “net of” or excluding certain expenses

O+M or O&M – Operations and Maintenance: the operation and maintenance of a building or property; may also refer to operating and maintenance expenses

OAC – Owner-Architect-Contractor: a meeting, usually regularly scheduled throughout the duration of a construction project, between property owners (or owner representatives), architects, and contractors to ensure effective project management

PM – Preventative Maintenance: the performance of regularly schedule maintenance of equipment, building systems, and structures to prevent failure of those aspects of a building and to extend their useful life

PM – Project Manager: an individual responsible for leading a project

PM – Property Manager: a real estate professional who is responsible for the management and operation of a property or properties

PPE – Personal Protective Equipment: equipment that is worn by an individual to minimize exposure to hazards and prevent injury or infection

PSA – Purchase and Sale Agreement: a binding legal agreement between a buyer and a seller in a real estate transaction

PSI – Pound-force per Square Inch: a unit of measurement of pressure or of stress; commonly referenced without the word “force” as simply “pounds per square inch”

Quad – A measure of energy used by the United States to measure large economies/counties, refers to a “Quadrillion BTU”

REIT – Real Estate Investment Trust: a private or public company that owns, operates, and/or finances income-producing real estate that is required to distribute a minimum of 90% of its taxable income to its shareholders

RFI – Request for Information: a document used to obtain information from companies about their general capabilities, products, and services; often used in construction projects when there is a lack of information required to proceed with a given scope of work

RFP – Request for Proposal: a document making a company that provides products or services to another company aware of an upcoming project by describing the project, listing criteria for completing the project, and inviting qualified companies to submit proposals, also referred to as bids, to complete the project

RR – Rent Roll: a report showing each unit rented in a property, typically including each tenant’s name, rent due per their lease, and their payment history

RSF – Rentable Square Footage: the total rentable area in a commercial property, excluding common areas such as hallways, elevators, stairwells, lobbies, and tenant amenities; in a commercial lease, rentable square footage is the amount of space leased by a tenant, plus that tenant’s proportional share of the property’s common areas

SMT – Senior Maintenance Technician: an individual who performs general maintenance and repairs for a property; individuals in this role may have started as a Maintenance Technician (MT)

SQ.FT. – Square Foot: a unit of measurement commonly used in commercial real estate that is equal to the size of a square with one-foot-long sides

TI – Tenant Improvement: structural modifications or improvements made by a landlord as specified in a tenant’s lease

TT – Tenant: an individual or company who pays a landlord for the use of space in a building or property per a lease

TSC – Tenant Service Coordinator: a real estate professional who is primarily responsible for engaging with and serving the tenants of a single or multiple properties

USF – Usable Square Footage: also referred to as leasable square footage, usable square footage is the total amount of space occupied by a specific tenant

VAV – Variable Air Volume: a type of Heating, Ventilation, and Air Conditioning (HVAC) system that controls the amount of air that is delivered to each space within a building, with the airflow being delivered at a constant or varying temperature

 

Finance

 

AP – Accounts Payable: money due to be paid by company to others; this is shown as a liability on a balance sheet

AR – Accounts Receivable: money due to be received by a company from others; this is shown as an asset on a balance sheet

CapEx – Capital Expenditure: expenditures made by a company to upgrade or acquire physical assets such as property and equipment that are expected to provide benefits over an extended period of time

Cap Rate – the rate of return that is expected to be generated from a commercial real estate property

CFO – Chief Financial Officer: senior executive who is responsible for managing the financial actions of a company

EBITA – Earnings Before Interest, Taxes, and Amortization: a measure of a businesses’ operating profitability excluding interest, taxes, and amortization that shows its profitability from core activities; not recognized in Generally Accepted Accounting Principles and often used by investors to compare profit among companies excluding losses not related to a company’s core business functions

EBITDA – Earnings Before Interest, Taxes, Depreciation, and Amortization: a measure of a businesses’ profitability excluding interest, taxes, depreciation, and amortization that shows the company’s ability to generate cash flow; not recognized in Generally Accepted Accounting Principles and often used by investors to compare cash flow among companies

FASB – Financial Accounting Standards Board: the organization that determines Generally Accepted Accounting Principles

GAAP – Generally Accepted Accounting Principles: a set of standardized accounting principles and processes for preparing, presenting, and reporting financial statements that are set by the Financial Accounting Standards Board

GL – General Ledger: used in accounting, a record of all past financial transactions of a company organized by accounts

IRR – Internal Rate of Return: a financial analysis metric used to estimate profitability of an investment expressed in its annual growth rate

MTD – Month to Date: a period of time staring on the first day of the current month and ending on the last day of business before today’s date that is used to track and analyze financial performance of the month

NOI – Net Operating Income: a financial analysis metric used to show a property’s ability to generate income; it is calculated by subtracting a property’s total operating expenses from its total operating income; one of the most widely used financial metrics in commercial real estate

NPV – Net Present Value: the current value of all future expected cash flows, both positive and negative, over the entire life of an investment; the calculation relies on the concept of time value of money, meaning that a dollar received today is worth more than a dollar received in the future

OpEx – Operating Expenses: the costs of operating and maintaining a commercial real estate asset

PTD – Period to Date: a period of time staring on a chosen date and ending on a chosen date that is used to track and analyze financial performance within that timeframe

QTD – Quarter to Date: a period of time staring on the first day of the current quarter of the fiscal year and ending on the last day of business before today’s date that is used to track and analyze financial performance of the current quarter; if a company’s fiscal year and calendar year are the same, its quarters will be January to March, April to June, July to September, and October to December; however, not all companies align their fiscal year with the calendar year

ROI – Return on Investment: a financial analysis metric used to assess the performance of an investment; return on investment is expressed as a percentage and is calculated by dividing the net profit or less of an investment by the total cost of the investment

YTD – Year to Date: a period of time staring on the first day of the current fiscal year and ending on the last day of business before today’s date that is used to track and analyze financial performance of the current fiscal year; if a company’s fiscal year and calendar year are the same, its fiscal year will begin January 1 each year; however, not all companies align their fiscal year with the calendar year

 

Government

 

ATBCB – Architectural and Transportation Barriers Compliance Board: an independent U.S. government federal agency devoted to accessibility for people with disabilities that was created to ensure access to federally funded facilities; the board is a leading source of information on accessible design and develops and maintains design criteria for the built environment, transit vehicles, telecommunications equipment, and for electronic and information technology and also provides technical assistance and training on these requirements and on accessible design and continues to enforce accessibility standards that cover federally funded facilities

CBECS – Commercial Building Energy Consumption Survey: a national survey that collects information on commercial buildings in the United States, including their energy use and consumption, which is used in calculating ENERGY STAR scores

DOE – Department of Energy: the United States of America Department of Energy is an executive branch department of the federal government whose mission is to “ensure America’s security and prosperity by addressing its energy, environmental and nuclear challenges through transformative science and technology solutions.”

EPA – Environmental Protection Agency: an independent, federal branch agency of the United States of America government whose mission is to “protect human health and the environment.”

OSHA – Occupational Safety and Health Administration: part of the United States of America’s executive branch of government, its mission is to “assure America’s workers have safe and healthful working conditions free from unlawful retaliation.” According to OSHA, it carries out its mission by “setting and enforcing standards; enforcing anti-retaliation provisions of the OSH Act and other federal whistleblower laws; providing and supporting training, outreach, education, and assistance; and ensuring state OSHA programs are at least as effective as federal OSHA, furthering a national system of worker safety and health protections.”

 

Organizations

 

ACI – American Concrete Institute: a leading authority and resource worldwide for the development, dissemination, and adoption of its consensus-based standards, technical resources, educational programs, and proven expertise for individuals and organizations involved in concrete design, construction, and materials, who share a commitment to pursuing the best use of concrete

AIA – American Institute of Architects: the largest design organization in the world, AIA works to transform the day-to-day practice of architecture to achieve a zero-carbon, resilient, healthy, just, equitable built environment, for everyone

ANSI – American National Standards Institute: a private, non-profit organization that administers and coordinates the U.S. voluntary standards and conformity assessment system; the institute works in close collaboration with stakeholders from industry and government to identify and develop standards and conformance-based solutions to national and global priorities; together, ANSI standards and technical regulations impact up to 93% of global trade

ARES – American Real Estate Society: an association of real estate thought leaders whose members are drawn from academia and the real estate profession at large, both in the United States and internationally; the society is dedicated to producing and disseminating knowledge related to real estate decision making and the functioning of real estate markets

AREUEA – American Real Estate and Urban Economics Association: an association that increases the development, exchange and analysis of information in the fields of real estate development, planning, and economics among academic, professional, and governmental people who are concerned with urban economics and real estate issues

ASA – American Society of Appraisers: a multi-discipline, non-profit, international organization of professional appraisers representing all appraisal disciplines: appraisal review and management; business valuation; gems and jewelry; machinery and technical specialties; personal property; and real property

ASHE – American Society for Health Care Engineering: an organization dedicated to optimizing the health care built environment whose members design, build, and operate hospitals, and are involved in improving the health care physical environment from the time hospital blueprints are drawn throughout the lifespan of a facility

ASHRAE – American Society of Heating, Refrigerating and Air-Conditioning Engineers: a global society advancing human well-being through sustainable technology for the built environment whose members focus on building systems, energy efficiency, indoor air quality, refrigeration, and sustainability within the industry through research, standards writing, publishing, and continuing education; in 2012, the society began doing business as ASHRAE instead of using its full legal name to reflect its worldwide membership

ASME – American Society of Mechanical Engineers: an organization that promotes the art, science, and practice of multidisciplinary engineering and allied sciences around the globe through codes and standards; publications; conferences; continuing education; and professional development programs that provide a foundation for advancing technical knowledge and a safer world

BOMABuilding Owners and Managers Association: a federation of U.S.-based and international associations that represent the owners, managers, service providers, and other property professionals of all commercial building types, including office, industrial, medical, corporate, and mixed-use; the organization’s mission is to advance a vibrant commercial real estate industry through advocacy, influence, and knowledge

BOMIBuilding Owners and Managers Institute: an organization dedicated to improving the skills of professionals with property, facilities, and building engineer responsibilities and an international provider of workforce development and educational products that serve the commercial real estate industry professionals including office, industrial, retail, hospitality, healthcare, government, and educational buildings; affiliated with Building Owners and Managers Association International

CRE – The Counselors of Real Estate: an international consortium of credentialed real estate problem solvers who provide expert advice on complex real property and land-related matters; membership is extended by invitation—though qualified individuals may self-apply—and includes principals of prominent real estate, financial, legal, and accounting firms as well as developers, economists, futurists, and ranking leaders of Wall Street and academia

CREW – Commercial Real Estate Women: a global organization with chapters that advances all women in commercial real estate through business networking, industry research, leadership development, and career outreach initiatives

GRESB – Global Real Estate Sustainability Benchmark: an organization that collects, validates, scores, and independently benchmarks environmental, social, and governance data to provide business intelligence, engagement tools, and regulatory reporting solutions for investors, asset managers, and the wider industry

ICC – International Code Council: develops construction and public safety codes through a governmental consensus process

IFMA – International Facility Management Association: an international organization with chapters for facility management professionals, with a mission to advance our collective knowledge, value and growth for facility management professionals to perform at the highest level

IREM – Institute of Real Estate Management: an international institute for property and asset managers, providing the knowledge to take on real estate management’s most dynamic challenges

IWBI – International WELL Building Institute: an organization aiming to transform health and well-being with a people-first approach to buildings, organizations, and communities, using its WELL Building Standard (WELL), which is a roadmap for creating and certifying spaces that advance human health and well-being

IWCA – International Window Cleaning Association: an international organization with a mission of promoting the success of its members through standards of safety, education, advocacy, and research

NAFA – National Air Filtration Association: a trade association that brings together air filter and component manufacturers, sales and service companies, and HVAC and indoor air quality companies with the mission to be the global source for expertise, education, and best practices in air filtration; while “national” implies membership is limited to the United States, NAFA’s membership is global, with members residing in many countries around the world

NAIOP – NAIOP Commercial Real Estate Development Association (formerly NAIOP was an acronym for National Association for Industrial and Office Parks; however, it is no longer an acronym): an association that empowers, informs, connects, and advocates for commercial real estate developers, owners, investors, and other professionals across North America

NARNational Association of REALTORS®:  the largest trade association in the United States, with a membership composed of residential and commercial brokers, salespeople, property managers, appraisers, counselors, and others engaged in the real estate industry; members belong to one or more local associations/boards and state and territory REALTOR associations; the term REALTOR is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS and subscribes to its Code of Ethics  

NAREIM – National Association of Real Estate Investment Managers: association dedicated to the business and organizational strategy of real estate investment management

NAREIT – National Association of Real Estate Investment Trusts: the worldwide representative voice for REITs and real estate companies with an interest in U.S. real estate; the organization’s members are REITs and other real estate companies throughout the world that own, operate, and finance income-producing real estate, as well as those firms and individuals who advise, study, and service those businesses

NCREIF – National Council of Real Estate Investment Fiduciaries: the leading provider of investment performance indices and transparent data for US commercial properties and serves the institutional real estate investment community as its Data Central, representing the largest, most robust, and diverse database of country-specific real estate assets in the world

NFPA – National Fire Protection Association: an organization dedicated to increasing safety, from fire prevention, wildfire preparedness, and electrical safety to hazardous materials, community risk reduction, and public safety

NPA – National Parking Association: an association that represents parking professionals in both commercial and public organizations and provides training, certification, and access to leading edge parking technology across the private and public sectors

NRCA – National Roofing Contractors Association: an association representing all segments of the roofing industry, including contractors; manufacturers; distributors; architects; consultants; engineers; building owners; and city, state, and federal government agencies; with the mission to be the voice of roofing professionals and leading authority in the roofing industry for information, education, technology, and advocacy

PCI – Precast/Prestressed Concrete Institute: the technical institute and trade association for the precast, prestressed concrete structures industry

Project REAP – Real Estate Associate Program: an organization whose mission is to advance diversity, equity, and inclusion in the commercial real estate industry through education, mentorship, and partnerships

SIOR – Society of Industrial and Office REALTORS: a global professional office and industrial real estate association with members in more than 50 countries, the society represents the commercial real estate brokerage specialists

ULI – Urban Land Institute: a network of cross-disciplinary real estate and land use experts with an organizational mission to shape the future of the built environment for transformative impact in communities worldwide

USGBC – U.S. Green Building Council: an organization whose mission is to transform how buildings and communities are designed, built, and operated to create thriving, healthy, equitable, and resilient places that advance human and environmental wellbeing

WCR – Women’s Council of REALTORS: a network of REALTORS who are advancing women as business leaders in the industry and in the communities they serve

 

Professional & Building Designations

 

ACoM – Accredited Commercial Manager: a commercial property management certification that teaches early-career real estate managers the fundamentals of commercial real estate management; provided by Institute of Real Estate Management

ALC – Accredited Land Consultant: a credential for land professionals that requires successful completion of an education program through the REALTORS® Land Institute’s LAND University, a proven track record of transaction performance, and a commitment to professional growth; provided by the National Association of REALTORS

AMO – Accredited Management Organization: an accreditation for property management firms; provided by Institute of Real Estate Management

ARM – Accredited Residential Manager: a residential property management certification that teaches early-career real estate managers the core competencies to manage residential properties successfully; provided by Institute of Real Estate Management 

BOMA 360 – Building Owners and Managers Association 360 Performance Program: a commercial real estate building designation recognizing excellence in six areas: operations and management; security and safety; training and education; energy; environment and sustainability; and tenant relations; provided by Building Owners and Managers Association International

CCIM – Certified Commercial Investment Member: a designation signifying proven leadership in commercial real estate earned by completing a curriculum demonstrating a depth of proven experience and by exemplifying a commitment to ethics and deal-making; provided by CCIM Institute

CEM – Certified Energy Manager: a credential for individuals who optimize the energy performance of a facility, building, or industrial plant; the credential is a systems integrator for electrical, mechanical, process, and building infrastructure, analyzing the optimum solutions to reduce energy consumption in a cost-effective approach; provided by Association of Energy Engineers 

CFM – Certified Facility Manager: a credential signifying understanding of the core competencies of facility management; provided by International Facility Management Association

CPM – Certified Property Manager: a credential that signifies a real estate professional has the knowledge to maximize the value of any property in any asset class; provided by Institute of Real Estate Management

CRB – Certified Real Estate Brokerage Manager: a designation designed for experienced owners, brokers, managers, and supervisors to raise professional standards, strengthen individual, and office performance, and sharpen expertise in brokerage management; a broker’s license is not required to earn the designation; provided by National Association of REALTORS®

FMA – Facilities Management Administrator: a designation program that positions real estate professionals as a key strategic contributor within their organization by helping them to create a productive work environment and handle tenant issues such as daily operations, maintenance, comfort, and safety; provided by Building Owners and Managers Institute

FMP – Facility Management Professional: a credential designed for facility professionals to strengthen their hard and soft skills in facility management; provided by International Facility Management Association

LEED – Leadership in Energy and Environmental Design: a green building rating system that provides a framework for healthy, highly efficient, and cost-saving green buildings, which offer environmental, social, and governance benefits; categories include Building Design and Construction (BD+C); Interior Design and Construction (ID+C); Building Operations and Maintenance (O+M); Neighborhood Development (ND); Homes; and Cities; provided by U.S. Green Building Council

LEED – Leadership in Energy and Environmental Design: credentials for individuals that denote proficiency in today’s sustainable design, construction, and operations standards; LEED Green Associate is a foundational credential; LEED Accredited Professional (AP) distinguishes individuals with advanced knowledge in green building, plus expertise in a particular LEED rating system: LEED AP Building Design + Construction (LEED AP BD+C); LEED AP Operations + Maintenance (LEED AP O+M); LEED AP Interior Design + Construction (LEED AP ID+C); LEED AP Neighborhood Development (LEED AP ND); and LEED AP Homes; provided by U.S. Green Building Council

PE – Professional Engineer: an engineer licensed by a state board of registration to practice engineering

RPA – Real Property Administrator: a designation program that positions property managers for success by providing insight into and knowledge of operating a commercial building by gaining a full understanding of the diverse aspects of property management involved in analyzing a building in its entirety; provided by Building Owners and Managers Institute

SE – Structural Engineer: Structural engineering is a specialty of Civil Engineering that includes the design and analysis of structures and components; a licensed Structural Engineer has graduated from an Accreditation Board for Engineering and Technology accredited university in Civil Engineering, has passed additional exams, has a minimum number of years of experience under the guidance of a Licensed Professional Engineer, and passed additional exams

SFP – Sustainability Facilities Professional: a credential for real estate professionals to meet the increased needs for sustainable operations and improve the triple bottom line for their company; provided by International Facility management Association

SMA – Systems Maintenance Administrator: a designation program that provides real estate professionals tools to improve operations, create energy efficiencies, reduce costs, and enhance the value of an asset; a designation holder is responsible for the operations of the building, as well as management of the team of technicians assigned to the building; provided by Building Owners and Managers Institute

SMT – System Maintenance Technician: a designation program that provides building technicians with skills that will help them stand out as top performers, those who can raise a building’s efficiency while reducing operating costs; the program covers every major building operating system, from HVAC and plumbing to electrical and overall control systems; provided by Building Owners and Managers Institute

TOBY – The Outstanding Building of the Year: an award bestowed at the local, regional, and international levels that recognizes exceptional quality in the management and operation of commercial buildings; provided by Building Owners and Managers Association International

 

Professional & Building Designations Without an Acronym

 

WELL Building Standard – a roadmap for creating and certifying spaces that advance human health and well-being, WELL sets pathways for accomplishing health-first factors that help people do their best work and be their best selves by supporting physical and mental health across 10 core concepts; provided by International WELL Building Institute