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Loeb Partners Group Wants More Say in Milestone Properties

BOCA RATON, FL-In a move to increase shareholder value, a group led by the New York-based securities broker-dealer proposes alternative courses of action for the management and operation of the locally based commercial real estate property company headquartered 42 miles north of Miami.

By David R. Corder | Updated on March 23, 2001

BOCA RATON, FL-A group of stockholders in publicly traded Milestone Properties Inc. is taking action to increase shareholder value in the locally based commercial real estate property company.

The group led by Loeb Partners Corp., a New York-based securities broker-dealer, has filed a joint disclosure with the Securities and Exchange Commission to propose alternative courses of action for the management and operation of the Boca Raton company.

Besides Loeb Partners Corp., entities in the group are Loeb Arbitrage Fund, an affiliated New York-based securities broker-dealer; Dr. George J. D’Angelo, a retired Pennsylvania physician as an individual; and Tampa-based GJD Partners L.P. and Value Equity Advisors Inc., two investment companies controlled by D’Angelo.

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