New rules increase real estate's impact on balance sheets

10/2/2009 | GlobeSt.com

Proposed new accounting rules would dramatically impact balance sheets and earnings for owners of commercial real estate, BB Richard Ellis said in a report. The financial consequences of proposed new lease rules easily could total more than $1 trillion for companies in the U.S., the firm said. The implications of writing down the value of real estate owned by a corporation under mark-to-market rules are particularly complicated, said Todd P. Anderson, a senior managing director with CB Richard Ellis and co-author of the report.

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