Feldman Mall Properties to consider ways of increasing shareholder value

By Lisa Kerner

Charlotte, N.C., June 5 - Feldman Mall Properties, Inc. said Friedman, Billings, Ramsey & Co., Inc. will assist the company as it explores strategic alternatives, including the sale of assets, joint ventures, strategic partnerships, selective acquisitions or dispositions, and the combination, sale or merger of the company.

There can be no assurance that the process will result in any new course of action, a company news release stated. Feldman Mall Properties does not plan to disclose developments unless its board approves a specific course of action.

Located in Great Neck, N.Y., Feldman Mall Properties is a real estate investment trust that acquires, owns and operates regional shopping malls.

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