Reporting Discontinued Operations

NAREIT initiated a request that the FASB modify FAS 144 to resolve the requirement for the industry to report the disposition of individual or relatively small groups of properties as discontinued operations. The FASB and IASB have agreed on a modified definition of discontinued operations that provides the opportunity to resolve this reporting issue.

May 2007 Financial Standards Update

November 2006 letter to FASB

July 2006 letter to FASB