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Broadcast Date: Wednesday, February 08, 2023
from 12:00 pm to 1:30 pm (ET)

Overview:

The unprecedented challenges brought by the COVID-19 pandemic resulted in drastic changes in the commercial real estate industry. As market conditions continue to shift, landlords and tenants must proactively track and manage the changes to their leases to sustain lease accounting compliance and ensure they’re getting the maximum value out of these costly agreements.

This new business priority underscores the need for business owners to invest in dedicated technology that provides internal control and audit trails, configurability of processes and reporting requirements, robust system security, and accurate lease accounting to help them leverage their leases as strategic assets.

The Knowledge Group has assembled a panel of key thought leaders and practitioners to provide the audience with an in-depth analysis of the emerging trends, opportunities, and challenges in lease administration. Speakers will also offer the best strategies to successfully navigate through the evolving regulatory paradigm.

Key topics include:

  • Commercial Real Estate in the Post-COVID Era: Trends and Developments
  •  Emerging Opportunities and Challenges
  • Leveraging Lease Optimization Software
  • Best Strategies
  • What’s Ahead?

Credit:

Course Level:

Intermediate

 

Advance Preparation:

Print and review course materials

 

Method of Presentation:

Group-Internet Based

 

Prerequisite:

General knowledge of real estate finance

 

NASBA Field of Study:

Business Law – Technical

 

Course Code:

1410330

 

Total Credit:

1.5 CPE (Not eligible for QAS (On-demand) CPE credit)

Speaker Panel:

Marc Betesh, Executive Chairman & Founder
Visual Lease

Marc founded Visual Lease in 1996. Under his leadership, Visual Lease grew from a point solution to a robust platform, expanding its customer base to include 1,000+ organizations of all sizes and industries. Today, Marc serves as Founder & Executive Chairman of the organization, helping to guide the company’s continued growth and solution innovation.

He is an expert in lease negotiation, lease management, and lease accounting negotiation and has been featured in Forbes, The Real Deal, GlobeSt., and more. Additionally, he often lectures on lease topics at New York University’s Real Estate Institute, AECRE, American Bar Association, Association of the Bar of the City of New York, Practicing Law Institute, ICSC and the Institute of Internal Auditors, and is regarded as a top faculty at CoreNet Global Learning.

An attorney by training, he practiced law in New York City and negotiated commercial leases for some of the largest companies in the country. He is a member of both the New York and New Jersey Bar Associations and holds a J.D. from Georgetown University.

Joe Fitzgerald, SVP, Lease Market Strategy
Visual Lease

Joe joined Visual Lease with decades of experience from several senior finance and operations roles for organizations in the healthcare, business services, real estate, and leasing sectors.

Before Visual Lease, Joe worked at EY (Ernst & Young), where he served as the firm’s Lease Accounting Technology Leader helping clients to navigate the technology landscape for the new lease accounting standards.

Joe is a Certified Public Accountant in New York and New Jersey and holds a B.A. in Accounting from Pace University.

Agenda:

Marc BeteshExecutive Chairman & Founder

Visual Lease

and

Joe FitzgeraldSVP, Lease Market Strategy

Visual Lease

  • Most people are stunned to find out that after headcount-related expenses, leases (real estate, fleet, equipment, land and more) are typically the second largest expense for organizations.
  • To further complicate matters, leases are very dynamic agreements; they are often subject to changes that need to be documented, tracked and reported over time to ensure proper, ongoing compliance with the lease accounting standards (ASC 842, GASB 87 and IFRS 16).
  • With leases now being represented on the balance sheet, these agreements are a priority to the Office of Finance – this critical shift has provided businesses with an opportunity to get a handle on their leases.
  • If businesses do not implement proper lease controls, they open themselves up to a range of risks. In fact, an overwhelming four out of five tenants experienced negative impacts to their business due to inadequate internal controls including the inability to respond to changing circumstances due to the pandemic, missing an option to extend a deadline, miscalculating lease costs, the inability to update an unwanted or unfavorable term, missing a reimbursement or incentive, overpaying rent or expenses and incurring the landlord’s responsibilities.
  • While adopting dedicated technology might seem like extra work and an added expense, the truth is it's much more efficient and less costly in the long run.

 

Date & Time:

Wednesday, February 08, 2023

12:00 pm to 1:30 pm (ET)

A recording will be available to view 24-48 hours after the live date.

Materials:

Coming Soon.

Please check back again later.

Who Should Attend:

  • Chief Financial Officers
  • Chief Accounting Officers
  • VPs/Heads/Directors of Finance
  • Financial Managers
  • Accountants
  • Controllers/Comptrollers

SPONSOR

SPEAKERS

Marc BeteshExecutive Chairman & Founder
Visual Lease
Joe FitzgeraldSVP, Lease Market Strategy
Visual Lease

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