Recurring vs. Non-Recurring Capex
Does anyone know how REIT's typically differentiate between their recurring and non-recurring capex? Seems like a very fine line between the two and just curious if anyone out there in the industry has made this distinction before.
[{"id": "cozjv5i", "text": "I believe in multifamily terms, recurring CapEx are often related to turnover, such as new fixtures, appliances, floors, etc. Non recurring CapEx are likely big projects such as clubhouses or yoga room for an apartment community. ", "replies": [], "depth": 1}]