America First Apartment Investors Inc., a real estate investment trust based in Omaha, Neb., has announced the retention of Lazard Freres & Co. to assist in exploring the company's "strategic alternatives."The equity REIT said it does not intend to disclose developments relating to the exploration of its options unless its board of directors has approved a course of action. The company can be found on the Web at http://www.apro-reit.com.

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