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Privately Held Companies Get One-Year Extension on New Accounting Standard

31Oct, 2019

Most Significant Accounting Changes in 40 Years Now Set to Take Effect Dec. 15, 2020   October 18, 2019 | Written by Randyl Drummer | Originally published on CoStar The Financial Accounting Standards Board, the U.S. accounting rules-setting body, is giving privately held companies and nonprofit organizations more time to prepare for new financial reporting standards Read More

As Oil Patch Rental Rates Rise, So Do Multifamily Sales

13Sep, 2019

Orginally Published in the Williston Herald | September 12, 2019 | Written by Renée Jean Pictured Above: The Plantation at Hunters Run, a 202-unit apartment community, is among more than $58.4 million in multi-family contracts closed by ERES in the past 18 months. The upscale multifamily property is in Watford City. It’s 203,633 square feet across six buildings. Read More

How the New IFRS 16 Accounting Rule Affects Your Real Estate Strategy

12Mar, 2019

By ERES President Tom Bradley Beginning on January 1, 2019 the new lease accounting standard IFRS 16 went into effect which essentially requires tenants/lessees to now report lease liabilities on their balance sheets. This new requirement eliminates nearly all off balance sheet accounting and has a far-reaching impact on lessees’ business processes. Who is Affected Read More

ERES Announces Call For Offers on High-Return Bakken Multifamily Investment

24Sep, 2018

Pheasant Run Apartments is located in the Bakken economic hub of Williston, ND and is comprised of 48-units on 1.9 AC   WILLISTON, ND — September 25, 2018 — Energy Real Estate Solutions (ERES), a full-service real estate firm focused on providing brokerage, development, property management, construction management, and consulting services to North American energy markets, Read More

ERES Founder & Managing Principal Discusses Bakken Commercial Real Estate Upswing

14Sep, 2018

ERES Founder & Managing Principal Mike Elliott was featured today in the Williston Herald providing his boots-on-the-ground insight into the continued upticks in Bakken commercial real estate activity. Apartment Units Almost Full Again Commercial real estate market in Williston is poised to take off again Vacancy rates went up quite a bit during the downturn, stoking fears Read More

ERES Announces Call For Offers on Exclusive Bakken Multifamily Investment Portfolio

10Aug, 2018

The Badlands II portfolio contains four apartment properties totaling 14 buildings and 504 units located in Dickinson, Minot, Tioga and Watford City, ND   WESTERN NORTH DAKOTA  — August 13, 2018 — Energy Real Estate Solutions (ERES), a full-service real estate firm focused on providing brokerage, development, property management, construction management, and consulting services to North Read More

ERES Announces Call For Offers on High-Return Bakken Investment Property

07Aug, 2018

Long X Mobile Home Park contains 82-units on 17.81 AC and is ideally located in Watford City, ND, a Bakken economic hub   WATFORD CITY, ND  — August 8, 2018 — Energy Real Estate Solutions (ERES), a full-service real estate firm focused on providing brokerage, development, property management, construction management, and consulting services to North Read More

Minot Commercial Real Estate Gut-check

11Dec, 2017

  Minot commercial real estate activity steady as more activity shifts west ERES Founder & Managing Principal Mike Elliott provides his boots-on-the-ground insight into the Minot commercial real estate market, including where to find the current opportunities that produce high returns (with less risk).  “The investors are coming to the market because they see potential for buying Read More

ERES Leadership Speak at Leading North Dakota Real Estate Conference

13Nov, 2017

Founder & Managing Principal Mike Elliott and Regional Property Manager Cheri Fox join other industry leaders at the Williston Area Real Estate Summit Williston, ND  — November 13, 2017 — Energy Real Estate Solutions (ERES), a full-service real estate firm focused on providing brokerage, development, property management, construction management, and consulting services to North American Read More