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Feldman for Sale?

Mercury Real Estate Advisors LLC, a unit of real estate investment management company Mercury Partners LLC, urged the sale of Feldman Mall Properties Inc. in a shareholder proposal Monday.

Mercury owns about 1.3 million of the real estate investment trust's shares, nearly 10 percent of the company's 13.1 million outstanding shares. In a proxy proposal dated Monday, the stockholder said a sale of the company would be in the "best interests of stockholders and should be pursued immediately."

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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