NEW YORK CITY-Paul McDowell, chief executive offer of CapLease, is not afraid to speak his mind and says that FASB is stupid. He doesn't think the accounting changes will increase balance-sheet transparency, he reveals in a discussion with GlobeSt.com's John Salustri during RealShare Net Lease.

They also talk about:

  • The possibility of net lease build-to-suits.
  • Opportunities in the next year.
  • The cyclical nature of real estate.

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