Arizona Land Income Corp., a Phoenix-based real estate investment trust, has announced shareholder approval of its reincorporation in Maryland under the name Pacific Office Properties Trust Inc. The REIT's shareholders also approved its acquisition of the West Coast office building portfolio of The Shidler Group, the company said. Pacific Office Properties will adopt Shidler's institutional joint-venture initiatives, which focus on acquiring, owning, and operating value-added and core commercial real estate in partnership with institutional co-investors, the REIT said.
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