Don’t miss the discussion between Andrew Zezas of SIOR NJ and Marc Betesh of KBA Lease Services. Together they outline the upcoming changes to lease accounting under GAAP and their potential impact on commercial real estate, developers and occupants.

Marc Betesh, President and founder of Visual Lease and KBA Lease Services, will be speaking about FASB’s upcoming lease accounting changes at the NRTA Annual Conference on Septermber 12th, 2011. Marc’s presentation “FASB: The Conceptual Background & the Effects On Future Lease Negotiations,” will help retailers address tremendous concern across the real estate industry.

According to industry chatter, it is looking quite likely that the FASB plans to continue to re-deliberate crucial issues based on the steady flow of industry opinion and data received from comment letters, roundtables and outreach initiatives.

A new forum for discussing issues in corporate and commercial real estate has emerged – Twitter!  A good friend of ours, Jason Sandquist, has started a weekly tweet-chat session to discuss issues pertaining to end users and services providers in the commercial real estate space.  Each week a different moderator facilitates a discussion with hundreds of real estate professionals from around the world.
The chat takes place every Friday at 2pm EST.  To participate:

Sign up for a Twitter account
Go to www.crechat.co for a filtered view of the conversation.
If you use Tweetdeck or Hootsuitesimplify the …

Realtor magazine, the official magazine of the National Association of Realtors, talks FASB with Marc Betesh.

In the article, titled The Facts On FASB, Realtor Magazine’s Mariwyn Evans questions FASB’s proposed changes to lease accounting rules.

Duke Long interviews Marc Betesh, President and CEO of Visual Lease, about upcoming FASB changes at Corenet’s Chicago conference.

Tomorrow’s webinar will explore the underlying theory behind the proposed FASB changes.  IFMA, a professional association for facility management professionals,  and Visual Lease’s President, Marc Betesh, will outline the potential ramifications and offer advice as to best prepare for the impact.
Topics Include:

Why the Changes Were Proposed
What Will Change
Impact on Lease vs. Buy Decisions
Treatment of Gross vs. Net Leases
The Most Current Updates/Deliberations/Alterations Made to the Original Exposure Draft
How to Start Preparing Now

Background:
Last August, the Financial Accounting Standards Board (FASB) sent shockwaves through the commercial real estate world when they proposed significant changes …

In prior Lease Tips about the forthcoming changes, we reported that the FASB and IASB (the “Boards”), promised to consider the numerous comments they received regarding the proposed rule changes detailed in their joint Exposure Draft (ED) dated August 17, 2010. That process is underway and significant positive changes to some of the more controversial and costly proposals have already been tentatively agreed to.
Lease Term to Continue to Include Options,  But on a Revised Basis 
The ED currently requires that the lease term include option periods if it is “more likely …

Visual Lease’s management team, along with Grant Thornton recently hosted a webinar to address the impact on corporate real estate under the FASB/IASB’s proposed lease accounting changes.
The presenters include some of the country’s top real estate lease experts, Marc Betesh and Lou Ferro, as well as Gary Illiano, National Partner at the CPA firm Grant Thornton.
If you were not one of the hundreds who attended, and would like to watch the replay and download the slides, it is now available. Please click here or on the image below.

Marc Betesh and Christopher Werely will be interviewed by crePodcast’s Duke Long and Jason Sandquist on February 23rd.