Exposure Draft on Unconsolidated Real Estate Investments Released.

• Position: Accounting for Investors' Interests in Unconsolidated Real Estate Investments issued by Accounting Standards Executive Committee - Brief Article

An exposure draft of a proposed statement of position, Accounting for Investors' Interests in Unconsolidated Real Estate Investments, has been issued by the Accounting Standards Executive Committee. The proposed SOP would provide guidance on accounting for investors' interests in unconsolidated real estate investments in financial statements prepared in conformity with generally accepted accounting principles. A final SOP would be effective for fiscal years beginning after Dec. 15, 2001 (though earlier adoption is encouraged), and it would supersede SOP 78-9, Accounting for Investments in Real Estate Ventures.

Because the...