Revenue Properties Co. Ltd., Mississauga, Ontario, has acquired approximately 1.19 million shares of Sizeler Property Investors Inc., New Orleans, according to Revenue Properties and Morguard Corp., a Canadian real estate company that owns a stake in it.The price averaged $12.85 per share, for a total investment of approximately US$15.33 million, the companies reported. Revenue Properties said it now owns 5.6% of the issued and outstanding shares of Sizeler, a real estate investment trust that recently announced that its board was considering strategic options such as a merger, sale, or plan of liquidation. The companies can be found online at http://www.revprop.com, http://www.morguard.com, and http://www.sizeler.net.
Processing Content
