Furniture, Fixtures, and Equipment
See FF&E
Frequently Asked Questions about Furniture, Fixtures, and Equipment (FF&E)
What does FF&E stand for?
FF&E stands for Furniture, Fixtures, and Equipment. These are tangible items used in the operation of a property but not permanently affixed to the building.
What is included in FF&E?
Typical FF&E includes desks, chairs, beds, lamps, appliances, and other movable furnishings and equipment that support the daily operation of a property, especially in hospitality and commercial real estate.
Is FF&E considered part of a property’s real estate value?
No. FF&E is not considered part of the real estate’s structural value. It is accounted for separately as it can be removed or replaced without altering the building itself.
Why is FF&E important in real estate financial modeling?
FF&E represents a significant upfront cost in hotel, multifamily, and office development. It also impacts depreciation schedules and ongoing capital expenditure planning.
Where can I find more detail about FF&E?
See the dedicated glossary entry: “Glossary: FF&E” for expanded information on Furniture, Fixtures, and Equipment.
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