TAMPA, FL-The chain of drive-in restaurants hires Citigroup as its financial adviser to explore strategies that could include a sale.

TEMPLE TERRACE, FL-The Roswell, GA developer acquires a majority interest in Tampa-based Rain Tree Properties' 85-home venture scheduled to break ground in June in the northern part of metro Tampa Bay. The deal gives Raintree an option to buy 2.1 million shares of Royal Acquisitions and Development Inc. at $1.25 per share.

NAPLES, FL-Continuing its assembly of Southwest Florida multifamily acquisitions, BF Group pays Sizeler just over $25.7 million for Bryn Mawr Apartments, a class B+, 240-unit property at 7701 Davis Blvd.

FLORHAM PARK, NJ-The financial consulting firm will continue to use its space in two Gale Co. buildings as a regional office. The location is within Gale's Park Avenue at Morris County business campus.