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.

On July 21st, the FASB and IASB (collectively the “Boards”), verified our presumptions relating to the Leases topic- they will re-expose the lease accounting proposal containing their revisions and tentative decisions thus far.

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.

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 …

We recently had the opportunity to chat with Duke Long and Jason Sandquist from CREpodcast about the proposed FASB/IASB lease accounting changes and how all parties can prepare.
Marc and Chris drop some serious information on what could be a coming storm if businesses, tenants and commercial brokers are not prepared. We discussed the impact on the industry as a whole – as well as what the affects will be for both tenants and landlords in regards to how they handle lease accounting. They also fill …

There is a large turnout for the lease accounting round table. This is the first update regarding the definition of a lease.