Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for American Land Lease, Inc. > News item |
American Land Lease to consider strategic alternatives
By Lisa Kerner
Charlotte, N.C., July 8 - American Land Lease, Inc.'s board of directors is considering a broad range of strategic alternatives to enhance shareholder value, it was announced on Tuesday.
Management was authorized to determine investor interest in the purchase of some or all of the company's real estate assets with the assistance of Wachovia Capital Markets, LLC, according to an American Land Lease news release.
American Land Lease cautioned that there can be no assurance that the process will result in any strategic or financial transaction.
The company plans to comment on the process if and when the board approves a specific alternative.
American Land Lease is a Clearwater, Fla., real estate investment trust.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.