Capital Expenditures

An amount set aside to provide funds for anticipated expenditures required to maintain a building. In some cases, a reserve may be mandated by the lender. Capital Reserves in CashFlow:

An amount spent on an improvement that provides a long-term benefit. Capital expenditures are generally depreciated over their useful life, and are considered "below the line" expenses in that they are not reflected in a property's NOI (net opera...