Assembling a robust real estate portfolio to support your core business requires adept execution of a clear strategy. Each property is acquired to serve a specific purpose within your organization. Their utility is vital to the health of your company — your portfolio will always hold a similar mix of properties. You’re not in the real estate business per se, but you will always want a finger on the pulse of the leasing market as well as manage your portfolio with the industry’s best practices. So how do you keep track of it all? Here are some simple ways you can take control of your ..read more

Understanding each provision within a lease and how they interact with one another while being able to leverage that awareness into opportunity is the essence of lease management. International leases add a whole new wrinkle to an already dense process. Global lease management may be a painstaking process, but it is not impossible. By working with your lease management services provider to establish these best practices, you can be assured that your real estate portfolio is fully optimized. Data in Order In order to fully realize the potential of your portfolio, you must ha ..read more

Real estate is as competitive as ever. Regardless of if we are facing a boom or a bust period, the margin for error is slim, and stakeholders need to be able to leverage every opportunity they can. Not to mention, the sector was not spared the challenges of the pandemic. New construction was paused as building costs skyrocketed, and businesses had to navigate restrictions, supply chain issues and many more obstacles, just to stay afloat. As these issues subside, each stakeholder is looking to grow again. There are plenty of opportunities emerging, but only the swift and nimble will be able to ..read more

Lease abstraction in and of itself is all about one thing: simplicity. A commercial lease is filled with complicated legal language with major financial implications on the line. Sometimes the language can seem conflicting, other times it can be so densely worded with legal phrases that it can be nearly impossible for anyone other than an attorney to understand. When the stakes are as high as they are in commercial real estate, you need a partner to help you navigate the waters. With the help of expert lease abstraction services, not only can you avoid costly mistakes, but you will a ..read more

ESG is becoming one of the foremost considerations of the real estate industry. Scribcor is compiling a collection of resources addressing the challenges and opportunities that ESG presents. We will be updating these resources on an ongoing basis, so check back soon! Proposal for a Directive on corporate sustainability due diligence 23 February 2022 Directive detailing a “…horizontal framework to foster the contribution of businesses operating in the single market to the respect of the human rights and environment in their own operations and through their value chains, by identifying, preventi ..read more

New environmental, social and governance (ESG) reporting requirements in the European Union (EU) and the US are set to fundamentally change the nonfinancial reporting landscape. The new EU rules will require ESG reporting on a level never seen before, and will capture a whole host of companies that previously were not subject to mandatory nonfinancial reporting requirements, including public and private non-EU companies that meet certain EU-presence thresholds. For US issuers, the new EU rules will result in mandatory reporting on a broader set of ESG topics than those required under current a ..read more

It’s CAM season again, so we’ve rounded up our best CAM resources to give a solid primer to anyone unsure where to get started with reviewing their CAM reconciliations. Check out the informative articles below for help with all things CAM-related: RELATED: Desktop vs. Full Lease Audit & Audit Rights, Explained Reviewing your CAM/OPEX reconciliation is an important aspect of managing your leased portfolio that makes good business sense. There is potential for significant and recurring cost savings by validating the charges assessed by your landlord against your lease and related documents ..read more

Preventing compliance issues and penalties associated with protocols such as Stark Laws and Anti-Kickback statutes begins with knowing where the issues may lie. Lease agreements contain hundreds of data points, some of which are essential for compliance efforts and for effective portfolio management. Tracking and monitoring the essential data facilitates compliance efforts – internally with the lease agreements themselves, and externally with public standards including Stark I and II, Anti-Kickback, lease accounting, and others. One subset of essential lease data is critical dates. In broad te ..read more

Stark Law and Anti-Kickback compliance requires ongoing effort and monitoring. Similar to other regulations and standards, like those for lease accounting, thinking beyond the initial adoption prevents repeated projects and mitigates financial exposure and risk. Under the Stark Law, healthcare organizations can be found guilty whether the problem was intentional or not. Penalties and fines can be substantial – well into the millions of dollars. One area of compliance focus should be on healthcare lease portfolios. Healthcare real estate is complex. Owned property, leased property, sale-leaseba ..read more

In the dynamic and complex landscape of industrial leasing, efficient lease management is crucial. With leases spanning production, manufacturing, logistics and storage, it’s easy for errors and oversights to undermine your bottom line. Implement some of these fundamental strategies so you can streamline your lease management process, optimize your portfolio, mitigate risks and most important […] The post Strategies for Streamlining Industrial Lease Management appeared first on Scribcor Global ..read more