"The board believes that it is in the company's best interest at this time to continue to pursue other strategic alternatives in order to maximize value to our shareholders," says chairman Stephen J. Nardi in a statement.
Those strategic alternatives are being mulled with help from Merrill Lynch & Co., a company hired in by the REIT in 2001 when it received an offer from former Prime Group Realty Trust chairman Michael W. Reschke and Montreal-based Cadim inc.
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