IN THE WORKS

5 Reasons Outsourcing Lease Management During a Pandemic Makes Sense.

As multi-unit operators around the world are scrambling to make business-critical decisions about their lease portfolio, it seems relevant to share how our clients are getting the most out of their outsourced lease management solution during the Pandemic. When our team of lease and OC experts shared the positive feedback received from our clients, 5 benefits repeatedly came up.

Getting Your New Landlord Relationship Off on the Right Foot

Imagine you’re about to open a new retail location. You’re excited because you landed the perfect spot, and the landlord is thrilled because the first rent check just cleared the bank. But in the moment, no one is thinking about memorializing the first dates and milestones. And why would you because everyone is aware of the dates…they’re in the email! But years from now when the email can’t be found and your lease options hinge upon key commencement dates, the mad scramble beings to identify those long-lost details.

Property Works helps Bojangles’ complete $455 million whole business securitization refinance

Bojangles’ Famous Chicken ‘n Biscuits, an American regional chain of 750 restaurants in 11 states, closed on its first whole-business securitization in October 2020. Bojangles, legal counsel Paul Wiess, and Barclays engaged Property Works to obtain all necessary consents from Bojangles’ landlords. Despite the disruption of the Pandemic, Property Works was able to obtain all required consents for the refinancing to move forward.

FASB Must Do's for 2016

  Do you know what to do? It’s not too often that something rocks the world of lease administration.   But the new lease accounting standards recently published by FASB did just that.   It was a long time coming but it’s here, it can’t be ignored, and things are about to change – big time.         Click here to watch a video from FASB about the reasoning behind the changes. We’ve been talking with retail and restaurant companies off and on for nearly 8 years about the“looming lease accounting changes”.  Some have been anxious about this for years while others