Study: Costs Linked To Proposed Lease Accounting Changes Could Harm Economy, CRE Values

Real estate businesses and property values could be adversely affected by the new accounting standards — and the cost of complying with them — according to a report backed by a coalition of real estate and business groups.

As international rule makers prepare to release another draft of proposed accounting changes that would require companies to capitalize real estate and equipment leases, a report warns that current proposals would impose huge costs on businesses, costs that could potentially offset at least 190,000 jobs, slowing U.S. economic growth and damaging the recovery of the commercial property sector.

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