Eagle Hospitality Properties Trust, Covington, Ky., has set up a special committee of independent directors to explore strategic options, including a possible sale of the company.The real estate investment trust reported that it has retained Morgan Stanley as its financial adviser. Eagle can be found on the Web at http://www.eaglehospitality.com.
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After several quarters of slumping investment banking and trading fees, the Charlotte, North Carolina-based company reported a big uptick from that division, which helped compensate for a large decline in net interest income.
The Federal Housing Administration, the Department of Veterans Affairs and the Federal Housing Finance Agency have started gathering data and analyzing how climate risk will impact the housing ecosystem.
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A special committee is exploring any possible structural "strategic alternatives," which would be aimed at increasing shareholder value, the real estate investment trust said.
