Thanks for the great feedback on my last post on short-term leases, I received a few questions about this statement on potential negative impacts, “Signing short-term leases exposes a lessee to tremendous risk in retaining the underlying asset, and to predict the cost of that lease.” I’ll expand on those two risks here.
In the lead up to, and adoption of, the new lease accounting standards, many have looked at short-term leases to manage the impact on corporate balance sheets. However, they may be providing false hope.
Jackson Cross Partners has one very important key tip when it comes to implementation and ongoing lease administration. Some of the most successful projects we have been a part of have one common denominator that sticks out as a differentiator.
As a result of the Novel Coronavirus, Accounting Departments within Private and Non-Profit organizations received their second round of relief from the standard boards as it relates to New Lease Accounting effective dates.
In April, the Financial Accounting Standards Board (FASB) provided a Q&A document regarding relief for the rent concessions negotiated from the COVID-19 pandemic. As some of those concessions may be expiring, I’d like to revisit the topic and update some earlier suggestions I made.
The recent economic challenges related to the COVID-19 pandemic have caused businesses to look for ways to raise cash to weather the financial storm. A number of companies are looking into sale and lease-back transactions (SLB) of their own real estate as a way to raise capital.
Jackson Cross Partners (“JCP”) is proud to share that we have earned the distinction of “Best Places to Work” by the Philadelphia Business Journal. The award is based on feedback from JCP employees, who were asked varying questions about company culture, from compensation and benefits to trust in senior leadership.
Click to download brochure Distribution Center – For Lease
Tango, the leader in Integrated Workplace Management Systems (IWMS) and Store Lifecycle Management (SLM) is pleased to announce that they have entered into a partnership with Jackson Cross Partners. Jackson Cross, one of the premier lease data management firms that will leverage Tango’s Lease Administration & Accounting Software solution to manage their hosted clients’ real … Continued
Authored by: Pete Davisson, SIOR, CCIM An event such as the one we are all experiencing, right now, is certainly precedent setting. Nothing like this has ever happened before, so many new or different ideas will be tested. Almost all aspects of the commercial real estate industry have been or will be touched. The pro-active … Continued