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Will The Latest Lease Proposal Affect Your Business?

Los Angeles

The Financial Accounting Standards Board’s latest lease proposal could have an adverse effect on the real estate industry. The Board plans to materially alter the way many businesses report leases on their financial statements, which is causing real estate stakeholders to express concerns that the proposed changes could ultimately hurt businesses, cost jobs and upend loan covenants that require businesses to maintain certain debt-to-equity ratios. Harvey Bookstein, co-founder of RBZ and real estate leader, has advised entities on issues such as these and works with his team to mitigate such adverse effects regarding regulations. RBZ recently joined forces with Armanino, California’s largest accounting and consulting firm. For more information on our Bisnow partner, click here.