Prime Retail Inc., a Baltimore-based real estate investment trust, has announced that it is negotiating with an undisclosed third party about a possible sale of the REIT.In connection with the talks, Prime Retail's financial adviser, Houlihan Lokey Howard & Zukin, has "facilitated limited discussions" with holders of the REIT's series A and series B preferred stock regarding the possible allocation of a consideration of approximately $115 million if an acquisition is agreed to, the REIT said. The stockholders involved in the discussions have signed confidentiality agreements, Prime Retail said. The REIT can be found online at http://www.primeretail.com.
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