Sizeler Property Investors Inc., a New Orleans-based real estate investment trust, has announced the retention of Wachovia Capital Markets LLC as a financial adviser to analyze its strategic options, including a sale or merger.Mark M. Tanz, the nonexecutive chairman of the equity REIT, said no timetable has been set for consummating one of the options, which also include a recapitalization, reorganization, or restructuring. The company, which invests in retail and apartment properties in the Southeast, can be found on the Web at http://www.sizeler.com.
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Homeowners accuse the home equity investment company of breaking the law for suggesting that its home equity investment product isn't a mortgage.
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Mortgage fintechs are attracting investor attention and dollars with agentic AI processes in new origination-focused platforms and assistants.
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The portfolio for sale contains hundreds of millions of dollars worth of reperforming loans that the government-sponsored enterprise co-marketed with Citigroup.
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The S&P Cotality Case-Shiller home price index rose 0.8% year over year in April, while U.S. Federal Housing's index climbed 2%. Both indexes declined monthly.
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