Municipal Mortgage & Equity LLC, Baltimore, has announced that it is considering strategic options, including a possible sale or recapitalization of business units. Additional asset sales will also be considered, MuniMae said. The company noted that there is no assurance that the exploration of options will result in any transaction, and said it does not plan to disclose developments unless its board approves a specific transaction. Lazard Ltd. has been advising MuniMae on the process. MuniMae and its subsidiaries arrange debt and equity financing for developers and owners of real estate and clean-energy projects. The company can be found on the Web at http://www.munimae.com.
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