Criimi Mae, a real estate investment trust based in Rockville, Md., may be up for sale, and BREF One, the company's largest shareholder, is a potential buyer.Criimi Mae said it has hired Citigroup Global Markets as its financial adviser to assist in undertaking a review of its strategic alternatives, which it said may include a sale of the company. The commercial mortgage REIT reported that it has received some "nonbinding indications of interest from a number of potential counterparties," including an affiliate of BREF One. The independent members of Criimi Mae's board of directors will evaluate all proposals and make recommendations to the board. Criimi Mae can be found online at http://www.criimimaeinc.com.
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