Implementing the New Lease Accounting Standard and a Current Update on the Office & Commercial Real

Brian Lee, Principal at Newmark Knight Frank will be discussing the Long Island real estate. Given the new accounting regulations where are the opportunities?  We will take a quick look at Hybrid Leases which provide the most favorable synthetic lease treatment under new accounting rules in combination with well-established credit tenant lease debt financing marketplace – The best of both structures. 
 
Opportunity Zones will enable tax deferral for profits on asset classes other than real estate to invest in these areas.  100% of the profits are tax free if held for 10 years.  Where are the Opportunity Zones locations on Long Island and what are the opportunities for the commercial user?
 
Office and Industrial Market overview: Brief overview of the supply and demand for office and industrial space on Long Island and the forecast for the future. 

Followed by, Joseph Turkewitz, Partner at Citrin Cooperman.  Joseph will be discussing the new accounting standards on lease accounting, and the resulting increased transparency in financial reporting for leasing arrangements, there promises to be a significant impact to all organizations.
As your organization begins to acclimate to the new lease accounting standards, be sure to join us as we view the changes for leases.
 
The seminar will cover:
•             Major differences between current and new standards
•             Key messages and what you need to know
•             Potential significant impacts on business operations
•             Steps you need to start taking now
•             Practical expedients available
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COST:     $10 Member | $20 Non Member
AGENDA: Registration/Networking/Continental Breakfast: 8:00 AM | Presentations: 8:45 AM | Event concludes by 10:00 AM

Speakers

Brian Lee

Principal
Newmark Knight Frank

Joseph Turkewitz

Partner
Citrin Cooperman

Credits

2.00 CPE
Basic

Method

group-live

Field

Accounting, Technical

Prerequisites

none

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