Baze Board Reduces Fee, Employees to 3 Amid Economic Headwinds

Bazis Properties, a commercial office and medical office property owner, is focusing on selling properties at post-entitled values and making liquidating distributions as soon as possible. The company has made corporate governance and compensation changes, including reducing its Board size and the Chairman's fee, and has reduced full-time employees to three. Despite economic headwinds affecting the commercial office and medical office markets, Bazis Properties remains committed to its goals.