| Customized Real Estate Services |
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CRES offers a complete range of customized solutions for your commercial real estate needs. We specialize in providing advisory services for:
- Lease Compliance & Reviews
- Operating Expense Evaluation
- Market Surveys
- Construction Cost Evaluation
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FASB Statement No. 13, Accounting for Leases
A requirement that a lessee allocate rent on a straight-line bases over the lease term, including periods of free rent. Requires rental costs to be allocated on a straight-line basis to periods during which lessees are given control to leased property prior to commencement of the lease term.
Contact your CPA for more in depth information about the Financial Accounting Standards Board's status of current issues regarding Accounting for Leases.
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Our consulting services are part of the total integrated services offered by CRES. We can assist your in-house real estate department or work as your real estate department providing valuable information to make effective decisions.
Whether you require a macro or micro view of a small geographic area or on a national level, we will give you the information you need to get the results you want.
Contact CRES today
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NASA Prime Contractor
(Confidential Client)
Tenant
Challenge:
Working for NASA as a large prime contractor can bring our client tremendous opportunities for growth. Decisions involving office leases need careful consideration as the end of the NASA contract doesn't always coincide with the lease expiration. Our client requires flexibility to strategically expand and contract in favorable market conditions.
Solution:
CRES was hired to provide quarterly market reports to make intelligent decisions regarding their shifting real estate. Our in depth reports provide positive & negative absorption rates for both office and industrial real estate in a designated geographic area. It also provides rental rates, vacancy rates, direct & sublease inventories, market forecast and historical data.
Major Financial Institution
(Confidential Client)
Landlord
Challenge:
CRES was hired by a major financial institution acting as a landlord in an owner-occupied, multi-tenant building. Our challenge was to review their additional rent clause and review the invoicing process to help reduce inefficiencies and increase revenues.
Solution:
CRES was able to put billing procedures in place that streamlined billing for monthly rent, operating expenses, and additional rent calculations. Our client reduced administrative inefficiencies and increase additional rent billing by $150,000 annually.
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