GGP » Topics » Investment in Unconsolidated Real Estate Affiliates

These excerpts taken from the GGP 10-K filed Feb 27, 2009.
Investment in Unconsolidated Real Estate Affiliates
 
Per Accounting Principles Board (“APB”) Opinion No. 18, “The Equity Method of Accounting for Investments in Common Stock,” a series of operating losses of an investee or other factors may indicate that a decrease in value of our investment in the Unconsolidated Real Estate Affiliates has occurred which is other-than-temporary. The investment in each of the Unconsolidated Real Estate Affiliates is evaluated for recoverability and valuation declines that are other than temporary periodically and as deemed necessary. Accordingly, in addition to the property-specific impairment analysis that we perform on the investment properties owned by such joint ventures (as part of our investment property impairment process described above), we also considered the ownership and distribution preferences and limitations and rights to sell and repurchase of our ownership interests. No provisions for impairment of our investments in Unconsolidated Real Estate Affiliates were recorded in 2008, 2007 or 2006.
 
Investment in Unconsolidated Real Estate Affiliates
 
Per Accounting Principles Board (“APB”) Opinion No. 18, “The Equity Method of Accounting for Investments in Common Stock,” a series of operating losses of an investee or other factors may indicate that a decrease in value of our investment in the Unconsolidated Real Estate Affiliates has occurred which is other-than-temporary. The investment in each of the Unconsolidated Real Estate Affiliates is evaluated for recoverability and valuation declines that are other than temporary periodically and as deemed necessary. Accordingly, in addition to the property-specific impairment analysis that we perform on the investment properties owned by such joint ventures (as part of our investment property impairment process described above), we also considered the ownership and distribution preferences and limitations and rights to sell and repurchase of our ownership interests. No provisions for impairment of our investments in Unconsolidated Real Estate Affiliates were recorded in 2008, 2007 or 2006.
 
Investment in Unconsolidated Real Estate Affiliates
 
Per Accounting Principles Board (“APB”) Opinion No. 18, “The Equity Method of Accounting for Investments in Common Stock,” a series of operating losses of an investee or other factors may indicate that a decrease in value of our investment in the Unconsolidated Real Estate Affiliates has occurred which is other-than-temporary. The investment in each of the Unconsolidated Real Estate Affiliates is evaluated for recoverability and valuation declines that are other than temporary periodically and as deemed necessary. Accordingly, in addition to the property-specific impairment analysis that we perform on the investment properties owned by such joint ventures (as part of our investment property impairment process described above), we also considered the ownership and distribution preferences and limitations and rights to sell and repurchase of our ownership interests. No provisions for impairment of our investments in Unconsolidated Real Estate Affiliates were recorded in 2008, 2007 or 2006.
 
Investment
in Unconsolidated Real Estate Affiliates



 



Per Accounting Principles Board (“APB”) Opinion
No. 18, “The Equity Method of Accounting for
Investments in Common Stock,” a series of operating losses
of an investee or other factors may indicate that a decrease in
value of our investment in the Unconsolidated Real Estate
Affiliates has occurred which is other-than-temporary. The
investment in each of the Unconsolidated Real Estate Affiliates
is evaluated for recoverability and valuation declines that are
other than temporary periodically and as deemed necessary.
Accordingly, in addition to the property-specific impairment
analysis that we perform on the investment properties owned by
such joint ventures (as part of our investment property
impairment process described above), we also considered the
ownership and distribution preferences and limitations and
rights to sell and repurchase of our ownership interests. No
provisions for impairment of our investments in Unconsolidated
Real Estate Affiliates were recorded in 2008, 2007 or 2006.


 




Investment
in Unconsolidated Real Estate Affiliates



 



Per Accounting Principles Board (“APB”) Opinion
No. 18, “The Equity Method of Accounting for
Investments in Common Stock,” a series of operating losses
of an investee or other factors may indicate that a decrease in
value of our investment in the Unconsolidated Real Estate
Affiliates has occurred which is other-than-temporary. The
investment in each of the Unconsolidated Real Estate Affiliates
is evaluated for recoverability and valuation declines that are
other than temporary periodically and as deemed necessary.
Accordingly, in addition to the property-specific impairment
analysis that we perform on the investment properties owned by
such joint ventures (as part of our investment property
impairment process described above), we also considered the
ownership and distribution preferences and limitations and
rights to sell and repurchase of our ownership interests. No
provisions for impairment of our investments in Unconsolidated
Real Estate Affiliates were recorded in 2008, 2007 or 2006.


 




Investment
in Unconsolidated Real Estate Affiliates



 



Per Accounting Principles Board (“APB”) Opinion
No. 18, “The Equity Method of Accounting for
Investments in Common Stock,” a series of operating losses
of an investee or other factors may indicate that a decrease in
value of our investment in the Unconsolidated Real Estate
Affiliates has occurred which is other-than-temporary. The
investment in each of the Unconsolidated Real Estate Affiliates
is evaluated for recoverability and valuation declines that are
other than temporary periodically and as deemed necessary.
Accordingly, in addition to the property-specific impairment
analysis that we perform on the investment properties owned by
such joint ventures (as part of our investment property
impairment process described above), we also considered the
ownership and distribution preferences and limitations and
rights to sell and repurchase of our ownership interests. No
provisions for impairment of our investments in Unconsolidated
Real Estate Affiliates were recorded in 2008, 2007 or 2006.


 




EXCERPTS ON THIS PAGE:

10-K (6 sections)
Feb 27, 2009
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