Lease abstraction is an important function of commercial real estate. It provides structure to the lease document, making it easier to access important details. Organizations who want to stay competitive and grow their real estate portfolios need a smooth lease abstraction process. However, your capacity to abstract and update all of your lease in a timely fashion may be hindered by these 5 issues – (more…)
FASB has replaced a nearly 40 year old ASC 840 standards and so the changes required to be implemented are definitely not inconsequential. With the aim of covering some major accounting gaps, the new standards came into force for public companies as of December 15, 2018. Private companies will follow on December 15, 2019. It’s March, so private companies have very little time left to implement the new accounting standards. Companies who have already started the implementation process have realized that compliance and implementation are more challenging than expected.(more…)
Lease administration is the process of gathering critical data from leases and configuring them in a centralized system. The activities involved are lease review and abstraction, cam audits, certificate of insurance management, important document storage and maintenance, critical dates monitoring, operating expenses review etc. Effective lease administration helps to limit costs, mitigate risk, monitor contractual obligations and ensure compliance with legal regulations.(more…)
Friday, 15th March, 2019, Pittsburgh, PA: In 2018, apart from working with industry leading clients on lease abstraction and marketing services, REBO focused on growing its commercial lease administration services. New partnerships with commercial lease management firms allowed REBO to offer the service on a larger scale.(more…)
Lease administration is the process of gathering critical data from leases and configuring them in a centralized system. The activities undertaken help in cost savings, mitigate risks, improve RE portfolio as well as ensure compliance with legal regulations.(more…)
The Global Retail Real Estate Convention along with more than 37,000 industry professionals & 1,200 exhibitors attend RECON. RECON is the world’s largest global gathering of retail real estate professionals. We had a chance to talk to our existing clients, demonstrate our services to new clients and were overall happy to connect to each of them.