We support our occupiers by offering a full-service, end-to-end solution to implementing ASC 842 and IASB 16.

Experience when it counts.

AccountLease™ is an end-to-end solution to help companies comply with the new FASB & IASB lease accounting standards. AccountLease™ combines the accounting expertise, real estate expertise and software necessary to bring your company into compliance. Cresa has partnered with Integra International, an interactive association 117 CPA firms in 63 different countries, to provide a global, full-service solution to our clients. Our end-to-end solution encompasses every requirement your company will need to implement:

  • Review of lease inventory
  • Input leases into the software
  • Developing abstracts with key terms
  • Input from regional Cresa offices on local market conditions and effect on leases
  • Drafting of 10-K and 10-Q disclosures
  • Senior level quality control
  • Quality control review and summary of financial statement disclosures
  • Review of results with your independent accounting firm

Cresa advisors work to help mitigate the impact the new standards will have on your balance sheet. We negotiate Smart Leases for our clients, reducing their liability under the new standards and improving their financial position.

October 15, 2020

Exiting or Selling Your Business- What to do with the Real Estate

Knowing when to cash in your chips and walk away is the hardest decision that anyone will have to make in their career, whether they are an entrepreneur, an investor in a business, or even a professional athlete. When it comes to businesses that own & occupy industrial real estate, the major question you face is what to do with your property(ies) after a business exit. In general, you often face one of three options: lease the property to the new business owner, sell the property, or re-tenant the property. As with so many business decisions, there is no one right answer, and different advantages and disadvantages for each choice. Issues like taxes, depreciation, and personal investment objectives for you (and sometimes your siblings) will all influence which option is best.
October 1, 2020

Industrial Building Inspection

Sometimes a simple visual inspection of an industrial building is enough to satisfy a prospective buyer or tenant before they sign a lease or purchase contract. In most cases, it’s not. Relying on a visual inspection is kind of like looking in the mirror to check your cholesterol. Equally worse, relying on a landlord’s broker to comment on condition, age, or lifecycle of building systems can also leave you on the hook to repair the building and its systems much sooner than expected.