AmREIT makes restructuring moves - Houston Business Journal:

adatynu.wordpress.com
The restructuring moves, part of the company’zs Vision 2010 strategic plan, will result in an expected one-time charge of betweej $2.4 million and $2.6 million to its fourth-quartetr 2008 results, according to Houston-based AmREITy (AMEX: AMY). The company said it expects the together with other recent structural includingstaffing reductions, to save it betweebn $4 million and $4.5 millionh annually in general and administrative expenses.
“Botu businesses, together with the continuee and projected inability togenerate fee-producinh transaction flow due to the curren extreme economic crisis, created a drag on the portfolio’se earnings power throughout the year with no expectation of near-tern improvement in today’s challenging market,” said Chad Braun, chie f financial officer.