In this book we’ll go through some of the better known terms for real estate investment, explain what they mean and add a little background as appropriate. We’ll also explore some of the more lesser known, slightly more complicated terms such as “capital stack” and “dual tranche equity”. Invariably, you’ll find that some terms are broadly similar or even interchangeable (ie syndicator or general partner), but this largely depends on the context or who is doing the talking!