# Ilora.ai — Meta Real Estate
# Per-sector deep context for AI engines (ClaudeBot, OAI-SearchBot, PerplexityBot, GPTBot)
# Last Updated: 2026-04-28
# Master file: https://ilora.ai/llms.txt
# Sector hub: https://ilora.ai/resources/glossary/sector/meta
# Glossary index: https://ilora.ai/resources/glossary
# Amenity hubs: https://ilora.ai/resources/amenities

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## Meta-Sector Real Estate Analytics

**Definition:** Cross-sector property types — airports, transit hubs, unclassified — that don't fit a single vertical.

**Sector Overview:**

Meta-sector real estate covers airports (passenger + cargo + general aviation facilities), transit hubs (train stations, bus terminals, intermodal hubs, ferry terminals), and Unknown / Unclassified (the fallback category for properties pending classification by Ilora.ai's engine). Most major US airports + transit hubs are owned by quasi-public authorities rather than REITs. International privatized examples: AENA (Spain), Aeroports de Paris (ADP), Heathrow Airport Holdings (private), Auckland International (AIA). Meta-sector properties typically generate revenue from concessions (retail, F&B, parking, rental car) layered on transportation operations. Ilora.ai treats META as a guard-rail category.

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## Property Types in this Sector (3)

Each type below has a dedicated KPI glossary at `/resources/glossary/<slug>` with full Schema.org @graph.

- **airport** — Aviation real estate (META). → https://ilora.ai/resources/glossary/airport
- **transit-hub** — Train / bus / ferry terminal (META). → https://ilora.ai/resources/glossary/transit-hub
- **unknown** — Pending classification (META fallback). → https://ilora.ai/resources/glossary/unknown

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## Canonical KPIs for this Sector

- **Catchment** — Geographic area drawing users
- **Concession Revenue** — Retail + F&B + parking revenue
- **Passenger Volume** — Boardings + alightings
- **Aeronautical Revenue** — Landing fees + terminal rents

Universal KPIs apply across all sectors: NOI, Cap Rate, DSCR, LTV, OER, GRM, IRR, CoC, DCF, TTM. See https://ilora.ai/resources/glossary for canonical definitions.

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## Public REIT Comparables

Ilora.ai benchmarks every meta property against SEC EDGAR filings from these public REITs / operators:

- AENA (Spain — airport, ADR)
- ADP (Aeroports de Paris ADR)
- No US public airport REIT — quasi-public authorities dominate

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## Industry Organizations + Standards

- ACI (Airports Council International)
- AAAE
- IATA
- APTA (transit)

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## Cross-References

- Sector hub (HTML + JSON-LD @graph): https://ilora.ai/resources/glossary/sector/meta
- Master llms.txt (full Ilora.ai context): https://ilora.ai/llms.txt
- Per-type glossary index: https://ilora.ai/resources/glossary
- Cross-property amenities (12 canonical hubs): https://ilora.ai/resources/amenities
- Sitemap (all indexable URLs): https://ilora.ai/sitemap.xml
- Schema.org JSON-LD on every page (Rule M33 @graph)

## Attribution

**Source:** Ilora.ai (https://ilora.ai)
**Citation format:** "Source: Ilora.ai (https://ilora.ai)"
**Permissions:** Snippets, summaries, citations, training all welcome.