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The new lease accounting standards are fundamentally transforming the rules that govern accounting for almost all types of leases. Under the new rules, operating leases now appear on the balance sheet as an obligation and a related right of use (asset). For some companies, this means anywhere from $5 billion, $10 billion or more on their balance sheets. This hefty liability creates a unique opportunity for corporate real estate (CRE) to align with finance as visibility into leases and the resulting financial implications become more important than ever.

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