June 20, 2023
The Mann Report published an article by Assurance Partner Raffaele Di Censo on navigating real estate impairment in a post-COVID world
The Mann Report
By Raffaele Di Censo, Partner, Assurance Services
Excerpt:
While COVID-19 created opportunities for some businesses and organizations, real estate owners and operators experienced unprecedented challenges. Retail/hospitality and office markets were particularly tested. This turn of events and the financial market’s volatility forced virtually all real estate owners with financial reporting requirements in accordance with generally accepted accounting principles (U.S. GAAP) to review the carrying value of their properties for impairment.
