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This excerpt taken from the EQR 8-K filed May 24, 2006. Accounting for Costs and Initial Rental Operations of
Real Estate Projects, for all development projects and uses its
professional judgment in determining whether such costs meet the criteria for
capitalization or must be expensed as incurred. The Company capitalizes
interest, real estate taxes and insurance and payroll and associated costs for
those individuals directly responsible for and who spend all of their time on
development activities, with capitalization ceasing no later than 90 days following
issuance of the certificate of occupancy. These costs are reflected on the
balance sheet as construction in progress for each specific property. The
Company expenses as incurred all payroll costs of on-site employees working
directly at our properties, except as noted above on our development properties
prior to certificate of occupancy issuance and on specific major renovation at
selected properties when additional incremental employees are hired.
F-13 This excerpt taken from the EQR 10-Q filed May 8, 2006. Accounting for Costs and Initial Rental Operations of
Real Estate Projects, for all development projects and uses its
professional judgment in determining whether such costs meet the criteria for
capitalization or must be expensed as incurred. The Company capitalizes
interest, real estate taxes and insurance and payroll and associated costs for
those individuals directly responsible for and who spend all of their time on
development activities, with capitalization ceasing no later than 90 days
following issuance of the certificate of occupancy. These costs are reflected
on the balance sheet as construction in progress for each specific property. The
Company expenses as incurred all payroll costs of on-site employees working
directly at our properties, except as noted above on our development properties
prior to certificate of occupancy issuance and on specific major renovation at
selected properties when additional incremental employees are hired.
This excerpt taken from the EQR 10-K filed Mar 8, 2006. Accounting for Costs and Initial Rental Operations of Real Estate
Projects, for all development projects and uses its professional
judgment in determining whether such costs meet the criteria for capitalization
or must be expensed as incurred. The Company capitalizes interest, real estate taxes and insurance and
payroll and associated costs for those individuals directly responsible for and
who spend all of their time on development activities, with
capitalization ceasing no later than 90 days following issuance of the
certificate of occupancy. These costs
are reflected on the balance sheet as construction in progress for each
specific property. The Company expenses as incurred all payroll costs of
on-site employees working directly at our properties, except as noted above on
our development properties prior to certificate of occupancy issuance and on
specific major renovation at selected properties when additional incremental
employees are hired.
F-14
This excerpt taken from the EQR 8-K filed Dec 2, 2005. Accounting for
Costs and Initial Rental Operations of Real Estate Projects, for all
development projects and uses its professional judgment in determining whether
such costs meet the criteria for capitalization or must be expensed as
incurred. The Company capitalizes,
through the date the certificates of occupancy (“CO”) are issued (CO’s are
deemed final within 90 days of issuance), interest, real estate taxes and
insurance and payroll and associated costs for those individuals directly
responsible for and who spend all of their time on development activities. These costs are reflected on the balance
sheet as construction in progress for each specific property. The Company expenses as incurred all payroll
costs of on-site employees working directly at our properties, except as noted
above on our development properties prior to certificate of occupancy issuance
and on specific major renovation at selected properties when additional
incremental employees are hired.
F-13
This excerpt taken from the EQR 10-Q filed Nov 7, 2005. Accounting for Costs and Initial Rental Operations of Real Estate
Projects, for all development projects and uses its professional
judgment in determining whether such costs meet the criteria for capitalization
or must be expensed as incurred. The
Company capitalizes interest, real estate taxes and insurance and payroll and
associated costs for those individuals directly responsible for and who spend
all of their time on development activities, with capitalization ceasing no
later than 90 days following issuance of the certificate of occupancy. These costs are reflected on the balance
sheet as construction in progress for each specific property. The Company expenses as incurred all payroll
costs of on-site employees working directly at our properties, except as noted
above on our development properties prior to certificate of occupancy issuance
and on specific major renovation at selected properties when additional
incremental employees are hired.
This excerpt taken from the EQR 8-K filed Aug 22, 2005. Accounting
for Costs and Initial Rental Operations of Real Estate Projects, for
all development projects and uses its professional judgment in determining
whether such costs meet the criteria for capitalization or must be expensed as
incurred. The Company capitalizes,
through the date the certificates of occupancy (“CO”) are issued (CO’s are
deemed final within 90 days of issuance), interest, real estate taxes and
insurance and payroll and associated costs for those individuals directly
responsible for and who spend all of their time on development activities. These costs are reflected on the balance
sheet as construction in progress for each specific property. The Company expenses as incurred all payroll
costs of on-site employees working directly at our properties, except as noted above
on our development properties prior to certificate of occupancy issuance and on
specific major renovation at selected properties when additional incremental
employees are hired.
F-13
This excerpt taken from the EQR 10-Q filed Aug 8, 2005. Accounting for Costs and Initial Rental Operations of
Real Estate Projects, for all development projects and uses its
professional judgment in determining whether such costs meet the criteria for
capitalization or must be expensed as incurred.
The Company capitalizes interest, real estate taxes and insurance and
payroll and associated costs for those individuals directly responsible for and
who spend all of their time on development activities, with capitalization
ceasing no later than 90 days following issuance of the certificate of
occupancy. These costs are reflected on
the balance sheet as construction in progress for each specific property. The Company expenses as incurred all payroll
costs of on-site employees working directly at our properties, except as noted
above on our development properties prior to certificate of occupancy issuance
and on specific major renovation at selected properties when additional
incremental employees are hired.
This excerpt taken from the EQR 10-Q filed May 9, 2005. Accounting
for Costs and Initial Rental Operations of Real Estate Projects, for
all development projects and uses its professional judgment in determining
whether such costs meet the criteria for capitalization or must be expensed as
incurred. The Company capitalizes
interest, real estate taxes and insurance and payroll and associated costs for
those individuals directly responsible for and who spend all of their time on
development activities, with capitalization ceasing no later than 90 days
following issuance of the certificate of occupancy. These costs are reflected on the balance
sheet as construction in progress for each specific property. The Company expenses as incurred all payroll
costs of on-site employees working directly at our properties, except as noted
above on our development properties prior to certificate of occupancy issuance
and on specific major renovation at selected properties when additional
incremental employees are hired.
This excerpt taken from the EQR 10-K filed Mar 14, 2005. Accounting for
Costs and Initial Rental Operations of Real Estate Projects, for all
development projects and uses its professional judgment in determining whether
such costs meet the criteria for capitalization or must be expensed as
incurred. The Company capitalizes,
through the date the certificates of occupancy ("CO") are issued (CO's
are deemed final within 90 days of issuance), interest, real estate taxes and
insurance and payroll and associated costs for those individuals directly
responsible for and who spend all of their time on development activities. These costs are reflected on the balance
sheet as construction in progress for each specific property. The Company expenses as incurred all payroll
costs of on-site employees working directly at our properties, except as noted
above on our development properties prior to certificate of occupancy issuance
and on specific major rennovation at selected properties when additional
incremental employees are hired.
F-14
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