What is TIC?

In General Area - Asked by ling C. - Jul 6, 2009
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Answer(s)

Gregory G.
Broker/Agent
San Francisco, CA

Tenant In Common

Jul 6, 2009
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Bill S.
Owner/Investor
Greenville, SC

TIC is the acronym for Total Installed Cost. TIC includes all of the hard costs of a project, including engineering, land, equipment, building, and utilities. It does not include soft costs like corporate overhead, marketing, etc. The acronym TIC is widely used in the heavy construction industry, where the project may be divided among several contractors.

Jul 6, 2009
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Paul S.
Broker/Agent
Glendora, CA

TIC stands for tenant in common whereby a group of investors pool their money to buy a project much larger than the individuals could on their own. TIC's often invest in NNN leased projects and typically leverage 50%. There is usually a minimum investment amount which varies with the size of the project. Most TIC's are regulated by the SEC but some are real estate based. The agent selling the TIC would need to have either a Securities license or a real eastate license (depending on the type of TIC) but cannot cross over.

Jul 6, 2009
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