# Capital

Capital is treated as an interconnected process and meaning field. The chapter moves from grounded mechanisms to incentives, risks, history, relationships, mapshifts, and human consequences.

## Core traversal

- [Capitalization Rate](../nodes/commercial/capitalization-rate.md) — Capitalization Rate compresses property operations and risk into decision-making measures
- [Capital Expenditure](../nodes/technology/capital-expenditure.md) — Capital Expenditure keeps the physical vessel safe, useful, comfortable, and capable of renewal
- [Equity](../nodes/capital-markets/equity.md) — Equity organizes who contributes capital, who controls it, and who receives return
- [Leverage](../nodes/capital-markets/leverage.md) — Leverage organizes who contributes capital, who controls it, and who receives return
- [Real Estate Investment Trust](../nodes/capital-markets/real-estate-investment-trust.md) — Real Estate Investment Trust organizes who contributes capital, who controls it, and who receives return
- [Private Equity Real Estate](../nodes/capital-markets/private-equity-real-estate.md) — Private Equity Real Estate organizes who contributes capital, who controls it, and who receives return
- [Real Estate Fund](../nodes/capital-markets/real-estate-fund.md) — Real Estate Fund organizes who contributes capital, who controls it, and who receives return
- [Syndication](../nodes/capital-markets/syndication.md) — Syndication organizes who contributes capital, who controls it, and who receives return
- [General Partner](../nodes/capital-markets/general-partner.md) — General Partner organizes who contributes capital, who controls it, and who receives return
- [Limited Partner](../nodes/capital-markets/limited-partner.md) — Limited Partner organizes who contributes capital, who controls it, and who receives return
- [Sponsor](../nodes/capital-markets/sponsor.md) — Sponsor organizes who contributes capital, who controls it, and who receives return
- [Family Office](../nodes/capital-markets/family-office.md) — Family Office organizes who contributes capital, who controls it, and who receives return
- [Pension Capital](../nodes/capital-markets/pension-capital.md) — Pension Capital organizes who contributes capital, who controls it, and who receives return
- [Sovereign Wealth Fund](../nodes/capital-markets/sovereign-wealth-fund.md) — Sovereign Wealth Fund organizes who contributes capital, who controls it, and who receives return
- [Core Strategy](../nodes/capital-markets/core-strategy.md) — Core Strategy organizes who contributes capital, who controls it, and who receives return

## How to read this chapter

Follow claims and cash flows separately. Ask who holds authority, who supplies information, who receives benefit, who carries risk, and what changes when time or scale changes. Keep sourced fact, industry practice, synthesis, interpretation, and symbolic expression distinguishable.

## Mapshifting prompts

1. Change the unit of analysis from property to right, loan, cash flow, role, record, neighborhood, or institution.
2. Change the clock from closing day to thirty years, one market cycle, one building life, or several generations.
3. Change stakeholder and ask which previously invisible cost becomes central.
4. Return to the human map before choosing a move.

## Sentinel handoff

Legal, regulatory, fair-lending, historical, financial, cultural, and jurisdiction-specific annotations remain separate from Engine Output. They inform contextual use without flattening the graph.
