PHRASE: will be accounted for

Hi,
In an English text (written by a German company) the following sentence
gives med difficulties as to how to construe:

The property will be accounted for by the special purpose company.

The text is a tender where a big company offers to build and lease a
building/property. A special purpose company will be founded, in order to do
most of the job.

I wonder if "will be accounted for" could imply that this special company
will be bookkeeping the property?

Regards,
Elisabeth