Sizeler Eyes Strategic Options

Sizeler Property Investors Inc., a New Orleans-based real estate investment trust, has announced that its board has decided to consider various strategic options, including a merger, sale, or plan of liquidation.Sizeler said it will continue its efforts to sell its regional malls. The REIT also announced that Mark M. Tanz has been elected non-executive chairman of the board. He will replace Sidney W. Lassen, who has retired as chairman and chief executive officer of the REIT but will remain a member of the board. Meanwhile, Boston-based First Equity Real Estate Equity and Mortgage, which owns 8.31% of Sizeler's outstanding common stock, said it "strongly supports" the Sizeler board's decision and the appointment of Mr. Tanz. Sizeler can be found online at http://www.sizeler.net.