Leasing

LeaseCrunch launches free lease accounting calculator as COVID-19 makes lease revisions more complicated

Wednesday, July 1, 2020 - 3:00pm

MILWAUKEE, Wis., July 1, 2020 /PRNewswire-PRWeb/ -- LeaseCrunch, the only lease accounting software made by former CPA firm auditors for CPA firm auditors, today announced the launch of their free lease accounting calculator, which quickly shows cost savings between lease software and spreadsheets.

Key Points: 
  • MILWAUKEE, Wis., July 1, 2020 /PRNewswire-PRWeb/ -- LeaseCrunch, the only lease accounting software made by former CPA firm auditors for CPA firm auditors, today announced the launch of their free lease accounting calculator, which quickly shows cost savings between lease software and spreadsheets.
  • So we developed the LeaseCrunch calculator which shows how much time can be saved by switching form spreadsheets to lease accounting software.
  • The LeaseCrunch calculator covers costs related to:
    Generating monthly journal entries -- Generating a monthly journal entry to import into your accounting system, properly including all existing, new, and revised leases.
  • For more information on the LeaseCrunch calculator, go to: https://www.leasecrunch.com/the-time-saving-calculator
    Named by Accounting Today as one of the top new products of 2019, LeaseCrunch provides cloud-based lease accounting software for CPA firms, designed to help organizations implement the new lease accounting standards, ASC 842 and IFRS 16.

Funds Managed by Apollo and Merx Aviation Complete Sale-Leaseback Transaction with Delta Air Lines

Wednesday, July 1, 2020 - 1:30pm

NEW YORK, July 01, 2020 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries Apollo) and Merx Aviation (Merx), a global aircraft leasing, management and finance company, announced the completion by certain funds managed by affiliates of Apollo and Merx of a sale and leaseback transaction with Delta Air Lines of ten Airbus A220-100 aircraft.

Key Points: 
  • NEW YORK, July 01, 2020 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries Apollo) and Merx Aviation (Merx), a global aircraft leasing, management and finance company, announced the completion by certain funds managed by affiliates of Apollo and Merx of a sale and leaseback transaction with Delta Air Lines of ten Airbus A220-100 aircraft.
  • The aircraft, manufactured in 2019, were acquired by an aviation platform established by Apollo, which invests in a diverse set of aircraft types, vintages and jurisdictions and is serviced by Merx.
  • Gary Rothschild, CEO of Merx and Head of Aviation Finance at Apollo, said: We are pleased to have closed this transaction with Delta, one of the worlds leading airlines, and to add the new and innovative A220 aircraft type to our portfolio.
  • Merx operates an integrated aviation platform focused on global aircraft leasing, management and finance, with an owned and managed fleet spanning 26 countries.

Car Leasing Market 2020-2024 | Rising Technological Obsolescence of Older Cars to Boost Growth | Technavio

Wednesday, July 1, 2020 - 3:00am

Our car leasing market report covers the following areas:

Key Points: 
  • Our car leasing market report covers the following areas:
    This study identifies the emergence of car leasing as an effective means of personal transportation for businesses as one of the prime reasons driving the car leasing market growth during the next few years.
  • We provide a detailed analysis of around 25 vendors operating in the car leasing market, including some of the vendors such as ALD SA, Arval Service Lease, Athlon Car Lease International BV, Avis Budget Group Inc., Deutsche Leasing AG, Enterprise Holdings Inc., Europcar Mobility Group SA, Hertz Global Holdings Inc., LeasePlan Corporation NV, and Sixt SE.
  • Backed with competitive intelligence and benchmarking, our research reports on the car leasing market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
  • Register for a free trial today and gain instant access to 17,000+ market research reports.

CAPREIT Completes Buyout of Eight Properties Under Operating Leases

Tuesday, June 30, 2020 - 10:00pm

TORONTO, June 30, 2020 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) (TSX:CAR.UN) announced today that it has completed the previously-announced buyout of eight operating leases for properties in Toronto.

Key Points: 
  • TORONTO, June 30, 2020 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) (TSX:CAR.UN) announced today that it has completed the previously-announced buyout of eight operating leases for properties in Toronto.
  • The operating lease buyouts were financed, in part, by a draw on CAPREITs Acquisition and Operating Facility.
  • CAPREIT previously closed the early buyout of three other operating leases in Toronto for approximately $31 million, and has now successfully converted eleven of its fifteen operating lease properties to fee simple ownership.
  • CAPREIT will continue to evaluate prepaying the buyouts on its remaining four operating leases which have contractual buyout periods commencing between 2024 and 2028.

Alpine Income Property Trust, Inc. Announces Acquisition of a Single-Tenant Retail Property Leased to Walmart for $20.6 Million

Tuesday, June 30, 2020 - 9:20pm

The Company funded the acquisition with cash on hand and a draw of approximately $13 million from its line of credit.

Key Points: 
  • The Company funded the acquisition with cash on hand and a draw of approximately $13 million from its line of credit.
  • The 23-acre property includes an approximately 220,000 square foot building leased to Wal-Mart Real Estate Business Trust which was developed in 1999.
  • The lease is guaranteed by Walmart, Inc. which carries a AA rating by Standard and Poors.
  • About Alpine Income Property Trust, Inc.
    Alpine Income Property Trust, Inc. is a publicly traded real estate investment trust that acquires, owns and operates a portfolio of high-quality single-tenant net leased commercial income properties.

CDB Aviation and SAS Agree on Lease of Fleet of Four Airbus Aircraft

Monday, June 29, 2020 - 3:23pm

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (CDB Leasing), announced today a new transaction with its long-standing customer, Scandinavias largest airline SAS, for a fleet of four Airbus aircraft, including three A320neos and one A350-900.

Key Points: 
  • CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (CDB Leasing), announced today a new transaction with its long-standing customer, Scandinavias largest airline SAS, for a fleet of four Airbus aircraft, including three A320neos and one A350-900.
  • The deliveries of these aircraft are expected to occur between June 2020 and May 2022.
  • We are very delighted to carry out yet another transaction with SAS for these Airbus aircraft, said CDB Aviation Chief Marketing Officer Peter Goodman, elaborating that we look forward to further assisting in the reshaping of SAS fleet, particularly in support of efforts to advance environmental sustainability goals for their fleet operations.
  • Goodman underscored that the lessors commercial team is pointedly expanding outreach in all aviation markets, energetically pursuing emerging opportunities for aircraft transactions, including in the sale and leaseback channel.

Visual Lease Announces New Webinar Series: Lease Lifecycle Management: Control, Cost Savings & Compliance

Monday, June 29, 2020 - 2:00pm

Visual Lease , the leader in lease accounting and management software, today announced the launch of a new webinar series: Lease Lifecycle Management: Control, Cost Savings and Compliance .

Key Points: 
  • Visual Lease , the leader in lease accounting and management software, today announced the launch of a new webinar series: Lease Lifecycle Management: Control, Cost Savings and Compliance .
  • Attendees will come away from each session with actionable insights and best practices that will help them gain control over their lease data, meet compliance deadlines, and improve overall lease lifecycle management to drive better financial decisions and save money on lease-related expenses.
  • The complimentary online series will feature educational content and executive panel discussions for real estate and financial executives.
  • The series includes five sessions designed to share insights on lease accounting and lease management from industry experts including Grant Thornton, Newmark Knight Frank, RSM, Baker Tilly, as well as Visual Lease customers and leadership.

Visual Lease Introduces Enhanced Lease Accounting Reporting Capabilities for Global & National Businesses

Thursday, June 25, 2020 - 2:00pm

Visual Lease, the leader in lease accounting and management software, today announced its latest product release, 20.2, providing expanded lease accounting and reporting capabilities for global and national companies required to comply with GASB 87 and FASB 842.

Key Points: 
  • Visual Lease, the leader in lease accounting and management software, today announced its latest product release, 20.2, providing expanded lease accounting and reporting capabilities for global and national companies required to comply with GASB 87 and FASB 842.
  • The new product release focuses on expanding Visual Leases lease accounting, reporting and currency conversion functionality.
  • Visual Lease remains committed to continually developing new features that simplify the lease accounting process, said Clark Convery, COO of Visual Lease.
  • To learn more about Visual Leases lease accounting capabilities, please visit https://visuallease.com/solutions/
    Visual Lease provides lease accounting and lease administration software solutions to help companies manage, analyze and report on their leased asset portfolios, including real estate, equipment and more.

Global Vehicle Leasing Market Outlook, 2020

Wednesday, June 24, 2020 - 3:15pm

This demand has driven growth and given the leasing market a structure and regulated the ecosystem.

Key Points: 
  • This demand has driven growth and given the leasing market a structure and regulated the ecosystem.
  • Special sections covering transformational trends, such as EV leasing, private vehicle leasing, used car leasing, and car subscription mobility model are analysed.
  • Other trends such as SME leasing, fleet connectivity, digitisation (Blockchain in the leasing industry) are also studied.
  • Overall, the study provides a 360-degree understanding of the leasing space (region-specific) and offers details on key trends, market overview, and outlook.

Global Vehicle Leasing Market Outlook, 2020 - Used Car Leasing and LCV Leasing Stand Out as Opportunities Amidst the Chaos Created by the COVID-19 Outbreak - ResearchAndMarkets.com

Wednesday, June 24, 2020 - 1:02pm

The "Global Vehicle Leasing Market Outlook, 2020" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Vehicle Leasing Market Outlook, 2020" report has been added to ResearchAndMarkets.com's offering.
  • This demand has driven growth and given the leasing market a structure and regulated the ecosystem.
  • Special sections covering transformational trends, such as EV leasing, private vehicle leasing, used car leasing, and car subscription mobility model are analysed.
  • It starts with detailing the existing market scenario, followed by trends that are shaping the leasing industry in 2020.