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The restructuring moves, part of the company’se Vision 2010 strategic plan, will result in an expecter one-time charge of betweehn $2.4 million and $2.6 million to its fourth-quartert 2008 results, according to Houston-baseed AmREIT (AMEX: AMY). The company said it expects the together with other recentstructural changes, includingb staffing reductions, to save it between $4 million and $4.5 millioh annually in general and administrative “Both businesses, together with the continuecd and projected inability to generatse fee-producing transaction flow due to the current extremre economic crisis, created a drag on the portfolio’s earningds power throughout the year with no expectation of near-term improvement in today’s challenging market,” said Chad Braun, chieff financial officer.
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