Real Estate Management in the True Cloud

Cara Operations, operator of Swiss Chalet and Harvey’s goes live on Lx Contracts

Swiss Chalet, Milestones, Montana’s, Kelsey’s and Harvey’s Restaurants, brands of Cara Operations, have gone live on Lucernex’s True Cloud Lx Contracts solution to manage their over 700 restaurants across Canada.

Cinemark Selects Lucernex For Its Lease Administration Solution

One of the world’s largest Cinema chains, Cinemark Holdings, Inc. (NYSE: CNK), has selected Lucernex’s True Cloud delivered Lx Contracts solution to manage its multi-brand portfolio of over 500 theatres in 40 U.S. States and 13 countries, replacing their legacy system Siteseer.

Sporting Goods Retailer Replaces ProLease with Lx Contracts Lease Administration from Lucernex Technologies

Lucernex Technologies announced today that a large regional sports and outdoors chain has successfully gone live on Lucernex’s cloud-based Lx Contracts solution to manage its over 140-store portfolio of locations in 11 states.

Lucernex to Particpate in FASB Discussion on CRE Radio Show

Lucernex Technologies, the leading provider of cloud-based Store Lifecycle Management, Retail IWMS and Lease Administration solutions for Retailers, will be participating in a joint FASB discussion on the Commercial Real Estate Radio Show (CRE Radio)
Moderated by Howard Kline the host of CRE Radio the show, on August 23rd at 12 noon PST.

2013 FASB Update Quick Facts

The underlying reason for a new lease accounting model is an effort to curb “off-balance-sheet” financing. With that said the FASB and IASB came together and selected a Right-of-Use (ROU) model to account for leases. The crux of the Exposure Draft (ED), proposed rules, is that leases are to be presented on the Balance Sheet of a company as both an Asset and a Liability.