Lease

Recapturing Lease Customers Will Be Critical as Auto Dealers and Lenders Navigate Downturn, J.D. Power Finds

Thursday, April 2, 2020 - 1:00pm

These percentages underscore how important it is for dealers and lenders to work together to retain lease customers as the market heads into a downturn.

Key Points: 
  • These percentages underscore how important it is for dealers and lenders to work together to retain lease customers as the market heads into a downturn.
  • Understanding the different lease-end journeys is crucial to recapturing lease customers in both the luxury and mass market segments.
  • Lease customers have identified the specific information theyre looking for at the end of their lease, providing lenders with valuable feedback as to their websites.
  • The study is based on responses from 2,848 mass market and luxury vehicle lease customers who are within six months of lease end.

Visual Lease Welcomes Erinn Tarpey as SVP, Marketing

Monday, March 30, 2020 - 6:00pm

Visual Lease , a leading provider of lease accounting and management solutions, today announced the appointment of Erinn Tarpey as SVP, Marketing.

Key Points: 
  • Visual Lease , a leading provider of lease accounting and management solutions, today announced the appointment of Erinn Tarpey as SVP, Marketing.
  • Tarpey comes to Visual Lease with experience managing the development of proprietary research, supporting mergers and acquisitions and marketing through the partner channel.
  • Im very pleased to join the Visual Lease team for this next leg of the companys strategic growth, stated Tarpey.
  • 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.

Lincoln Military Housing Seeks to Help Military Families Left Without Homes Due to Permanent Change of Station Disruptions

Friday, March 27, 2020 - 10:09pm

"While we've always allowed short-term leases to all qualifying military families," said Philip Rizzo, Co-CEO for Lincoln Military Housing, "during this uncertain time, we are pleased to work with our Military Housing Association partners and MFAN to further expand the flexibility of those leases.

Key Points: 
  • "While we've always allowed short-term leases to all qualifying military families," said Philip Rizzo, Co-CEO for Lincoln Military Housing, "during this uncertain time, we are pleased to work with our Military Housing Association partners and MFAN to further expand the flexibility of those leases.
  • In addition to providing short-term leases to military families, Lincoln Military Housing has also extended the move-out dates of current residents who have received notice of delayed or suspended Permanent Change of Station (PCS) orders.
  • Lincoln Military Housing (LMH) was formed in 2001 through a Department of Defense (DOD) contract with parent company Lincoln Property Company.
  • Since its inception more than a decade ago, Lincoln Military Housing now provides more than 36,000 family homes for military members across the US.

Rent-A-Center, Inc. Provides Update in Response to COVID-19

Thursday, March 26, 2020 - 9:47pm

Rent-A-Center, Inc. (the Company) (NASDAQ/NGS:RCII), a leader in the lease-to-own industry, today provided a business update in response to the COVID-19 pandemic.

Key Points: 
  • Rent-A-Center, Inc. (the Company) (NASDAQ/NGS:RCII), a leader in the lease-to-own industry, today provided a business update in response to the COVID-19 pandemic.
  • We are committed to remaining a lifeline for products in need by our customers and the communities we serve.
  • Customers continue to be able to shop online, complete a rental agreement, and make online payments from home.
  • Given the current uncertainty, we are withdrawing our guidance for 2020 and discontinuing providing guidance for 2020 until further notice.

Gladstone Land Provides Update on Impact of Coronavirus on Operations and Distributions

Thursday, March 26, 2020 - 3:30pm

MCLEAN, Va., March 26, 2020 (GLOBE NEWSWIRE) -- Gladstone Land Corporation (Nasdaq: LAND) (Gladstone Land or the Company) announced today that it has provided the following update to its shareholders:

Key Points: 
  • MCLEAN, Va., March 26, 2020 (GLOBE NEWSWIRE) -- Gladstone Land Corporation (Nasdaq: LAND) (Gladstone Land or the Company) announced today that it has provided the following update to its shareholders:
    Farming Operations:The Company does not believe the current Coronavirus pandemic has had a major impact on its operations or that of its tenant-farmers at this point in time.
  • All farms continue to be leased, and all tenant-farmers continue to be current in their rental payments.
  • Many of the Companys farmers have also reported higher-than-average prices for their crops due to the demand for fresh produce.
  • Owners or brokers who have farmland for sale in the U.S. should contact:
    For stockholder information on Gladstone Land, call (703) 287-5893.

Seminole PowerSports Launches Newest Motorcycle Lease Program

Thursday, March 26, 2020 - 8:30am

This new program offers motorcycle and Can-Am enthusiasts the opportunity to lease a three-wheel motorcycle with a flexible payment option.

Key Points: 
  • This new program offers motorcycle and Can-Am enthusiasts the opportunity to lease a three-wheel motorcycle with a flexible payment option.
  • Kirby Mullins, owner and general manager of Seminole PowerSports stated "We are excited to bring this new program to our customers.
  • At the end of each lease Seminole PowerSports offers lessees the option to lease a new bike, purchase the bike they have leased or return their lease with no renewal option.
  • For more information on the all new Can-Am three wheel lease program or to schedule a test drive on a new or pre-owned unit, visit Seminole PowerSports online at: https://www.seminolepowersports.com/ or call 1-800-843-5118.

Reich Brothers Announces long term lease to Amazon of its Salem, Oregon Facility

Wednesday, March 25, 2020 - 2:00pm

NEW YORK and LOS ANGELES and CHICAGO, March 25, 2020 /PRNewswire/ -- Reich Brothers is pleased to announce that it has entered into a long term lease with Amazon for its 129,850 square foot facility in Salem, OR.

Key Points: 
  • NEW YORK and LOS ANGELES and CHICAGO, March 25, 2020 /PRNewswire/ -- Reich Brothers is pleased to announce that it has entered into a long term lease with Amazon for its 129,850 square foot facility in Salem, OR.
  • The Class-A facility was originally constructed by Panasonic in 2009 and is located on a 19+ acre site at 5475 Gaffin Road SE.
  • "We are pleased to announce a long term lease to Amazon for our site in Salem, OR.
  • Now, the property is reoccupied for the long term with an outstanding tenant and great use," said Alex Reich, Director of Acquisitions at Reich Brothers.

A&G Exec Shares Leasing Tips During 'Retail Night' at Boston University

Friday, March 20, 2020 - 12:59pm

"Older leases, in particular, often contain clauses that ban precisely those users that were widely seen as verboten 20 years or so ago," Terrell said.

Key Points: 
  • "Older leases, in particular, often contain clauses that ban precisely those users that were widely seen as verboten 20 years or so ago," Terrell said.
  • "You can't just gloss over the contents of a lease and defer these clauses to your attorneys.
  • The class was an inside look into the top priorities of retailers and landlords at the negotiating table.
  • The professional real estate students who attended hailed from the likes of CBRE, National Development, CoStar, State Street Corp., the RMR Group, Siemens and Boston Capital.

LEASE CREDIT APPROVAL RATES RISE TO 72.3% ENTERING MARCH

Thursday, March 19, 2020 - 6:11pm

CINCINNATI, March 19, 2020 (GLOBE NEWSWIRE) -- Swapalease.com, the nations largest car lease marketplace, reports car lease credit applicants registered a 72.3% approval rate in February, an increase from the January rate of 70%.

Key Points: 
  • CINCINNATI, March 19, 2020 (GLOBE NEWSWIRE) -- Swapalease.com, the nations largest car lease marketplace, reports car lease credit applicants registered a 72.3% approval rate in February, an increase from the January rate of 70%.
  • February experienced a slightly higher number of applicants with qualifications for taking over another persons lease contract during the month and a higher approval rating.
  • February saw a slight increase in approval ratings in comparison to February 2019, where only 65.9% of lease applicants were approved.
  • Swapalease.com matches a person wanting out of their existing vehicle lease contract with a car shopper looking to take over a short-term vehicle lease.

KBS Signs Over 50,000 Square-Feet in Commercial Leases at Class A Office Plaza in the Northern New Jersey Real Estate Market

Wednesday, March 18, 2020 - 1:00pm

KBS , one of the largest investors in premier commercial real estate in the nation, announced today the signing of 51,011 square-feet of commercial leases at Woodbridge Corporate Plaza in Northern New Jersey real estate market.

Key Points: 
  • KBS , one of the largest investors in premier commercial real estate in the nation, announced today the signing of 51,011 square-feet of commercial leases at Woodbridge Corporate Plaza in Northern New Jersey real estate market.
  • View the full release here: https://www.businesswire.com/news/home/20200318005097/en/
    KBS' Woodbridge Corporate Plaza (Photo: Business Wire)
    Woodbridge Corporate Plaza is a six-building Class A office complex encompassing 630,000 square feet.
  • Situated in the central New Jersey submarket of Metropark, the asset was recently renovated to include a plethora of new amenities.
  • The leases announced today include:
    Allegiance Retail Services, a current subtenant, signed a direct long-term lease for 18,928 square-feet.