REIT Forms Panel to Eye Strategic Options

Republic Property Trust, Herndon, Va., has announced the formation of a special committee to evaluate strategic options, including a possible merger or sale of the company.The real estate investment trust said it recently received "an unsolicited indication of interest" from another public REIT, which will be referred to the special committee. The office REIT said it "will not publicly disclose further information regarding the status of its evaluation until the process has been completed or unless or until the company deems necessary or appropriate."