American Industrial Properties Company

American Industrial Properties hired Salomon Smith Barney to review a possible sale of the company or its assets, said an industry newsletter that quoted people familiar with the situation. Irving, Texas-based American Industrial joins a growing number of real estate investment trusts, or REITs, that are considering selling out or going private. Prudential Securities estimates at least 12 REITs are exploring alternatives.

American Industrial Properties hired Salomon Smith Barney to review a possible sale of the company or its assets, said an industry newsletter that quoted people familiar with the situation. Irving, Texas-based American Industrial joins a growing number of real estate investment trusts, or REITs, that are considering selling out or going private. Prudential Securities estimates at least 12 REITs are exploring alternatives.