WSJ: The activist hedge fund, which owns a stake of less than 1% in the real-estate investment trust, has been urging them to explore a wider range of strategic options including a full sale. The Pennsylvania-based trust has a market value of more than $6 billion, and it owns and manages more than 100 million square feet of commercial space. Last year, the PA-based REIT, announced plans to shed more office assets and focus on industrial spaces, but it stopped short of indicating it was open to selling itself. Liberty Property Chief Executive William Hankowsky said those moves over time should improve the company’s stock price. “We are committed to the right long-term strategy for the business, which we believe is a 100% focus in industrial real estate,” Mr. Hankowsky told analysts. Land & Buildings doesn’t feel the current plan will adequately close the gap between the current share price and the intrinsic value of the company, the people familiar with the matter said.