0000752642-01-500009.txt : 20011030
0000752642-01-500009.hdr.sgml : 20011030
ACCESSION NUMBER: 0000752642-01-500009
CONFORMED SUBMISSION TYPE: SC 13D
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20011025
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: MONMOUTH REAL ESTATE INVESTMENT CORP
CENTRAL INDEX KEY: 0000067625
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 221897375
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0930
FILING VALUES:
FORM TYPE: SC 13D
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-18750
FILM NUMBER: 1766594
BUSINESS ADDRESS:
STREET 1: 3499 ROUTE 9 N, SUITE 3-C
STREET 2: JUNIPER BUSINESS PLAZA
CITY: FREEHOLD
STATE: NJ
ZIP: 07728
BUSINESS PHONE: 7325779996
MAIL ADDRESS:
STREET 1: 3499 ROUTE 9 N, SUITE 3-C
STREET 2: JUNIPER BUSINESS PLAZA
CITY: FREEHOLD
STATE: NJ
ZIP: 07728
FORMER COMPANY:
FORMER CONFORMED NAME: MONMOUTH REAL ESTATE INVESTMENT TRUST
DATE OF NAME CHANGE: 19900403
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: UNITED MOBILE HOMES INC
CENTRAL INDEX KEY: 0000752642
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 221890929
STATE OF INCORPORATION: NJ
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13D
BUSINESS ADDRESS:
STREET 1: 3499 ROUTE 9 N, SUITE 3-C
STREET 2: JUNIPER BUSINESS PLAZA
CITY: FREEHOLD
STATE: NJ
ZIP: 07728
BUSINESS PHONE: 7325779997
MAIL ADDRESS:
STREET 1: 3499 ROUTE 9 N, SUITE 3-C
STREET 2: JUNIPER BUSINESS PLAZA
CITY: FREEHOLD
STATE: NJ
ZIP: 07728
SC 13D
1
umhfinal.txt
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. _______)*
Monmouth Real Estate Investment Corporation
(Name of Issuer)
Common Stock $.01 Par)
(Title of Class of Securities)
#609720107
(CUSIP Number)
Eugene W. Landy
Chairman of the Board
United Mobile Homes, Inc.
Juniper Business Plaza, Suite 3-C
3499 Route 9 North
Freehold, New Jersey 07728
(732) 577-9997)
(Name, Address and Telephone Number of Person Authorized to
Receive Notice and Communications)
October 24, 2001
(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition that is the subject
of this Schedule 13D, and is filing this schedule because of
Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box __________
Note: Schedules filed in paper format shall include a
signed original and five copies of the schedule, including
all exhibits. See Section 240.13d-7 for other parties to
whom copies are to be sent.
*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect
to the subject class of securities, and for any subsequent
amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page
shall not be deemed to be "filed" for the purpose of Section
18 of the Securities Exchange Act of 1934 ("Act") or
otherwise subject to the liabilities of that section of the
Act but shall be subject to all other provisions of the Act
(however, see the Notes).
CUSIP No. 609720107 Page 2 of 7 Pages
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
United Mobile Homes, Inc., a New Jersey corporation
Federal I.D. #22-1890929
2. Check the Appropriate Box if Member of a Group
(a) ____
(b) X
Existence of a group is not affirmed but see
relationship described herein.
3. SEC Use Only
4. Source of Funds
WC -- Working Capital of United Mobile Homes, Inc.
5. Check Box if Disclosure of Legal Proceedings is
Required Pursuant to Items 2(d) or 2(e)
None _____
6. Citizen or Place of Organization
Eatontown, New Jersey
7. Sole Voting Power
United Mobile Homes, Inc. 520,765.7695
8. Shared Voting Power
Not applicable
9. Sole Dispositive Power
United Mobile Homes, Inc. 520,765.7695
CUSIP No. 609720107 Page 3 of 7 Pages
10. Shared Dispositive Power
Not applicable
11. Aggregate Amount Beneficially Owned by Each Reporting
Person
United Mobile Homes, Inc. 520,765.7695
12. Check Box if the Aggregate Amount in Row (11) Excludes
Certain Shares
X
13. Percent of Class Represented by Amount in Row (11)
5.03%
14. Type of Reporting Person
United Mobile Homes, Inc. - Corporate (CO)
Item 1. Security and Issuer.
The securities that are the subject of this statement
consist of common stock $.01 par value) of Monmouth Real
Estate Investment Corporation (the "Issuer"). The name and
the address of the principal executive offices of the Issuer
are as follows:
Monmouth Real Estate Investment Corporation
Juniper Business Plaza, Suite 3-C
3499 Route 9 North
Freehold, New Jersey 07728
Item 2. Identity and Background
(a) This statement is filed on behalf of United Mobile
Homes, Inc., a New Jersey corporation.
(b) The business address of United Mobile Homes, Inc.
is as follows:
United Mobile Homes, Inc.
Juniper Business Plaza, Suite 3-C
3499 Route 9 North
Freehold, New Jersey 07728
CUSIP No. 609720107 Page 4 of 7 Pages
(c) The principal business of United Mobile Homes,
Inc. is a real estate investment trust owning and operating
manufactured home communities and other real estate.
(d) United Mobile Homes, Inc. has not during the past
five (5) years been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors).
(e) United Mobile Homes, Inc. was not during the last
five (5) years a party to a civil proceeding of a judicial
or administrative body of competent jurisdiction and, as a
result of such proceeding ,was or is subject to a judgment,
decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or
state securities laws or finding any violation with respect
to such laws.
(f) United Mobile Homes, Inc. is a New Jersey
corporation with its principal executive offices in New
Jersey.
Item 3. Source and Amount of Funds or Other Consideration.
(a) United Mobile Homes, Inc. used general working
capital funds to acquire shares in Monmouth Real Estate
Investment Corporation pursuant to its Dividend Reinvestment
and Stock Purchase Plan.
(b) The source of the funds used to purchase the
subject securities and used to purchase a portfolio of other
real estate stocks is principally capital raised through the
Dividend Reinvestment and Stock Purchase Plan of United
Mobile Homes, Inc.
(c) United Mobile Homes, Inc. has not used borrowed
funds to acquire the subject securities.
(d) The most recent purchase was on October 15, 2001
pursuant to the Dividend Reinvestment and Stock Purchase
Plan (the "Plan") of Monmouth Real Estate Investment
Corporation. United Mobile Homes, Inc. invested $80,000,
and this brought the total amount of shares held by United
Mobile Homes, Inc. to be in excess of five percent (5%) of
the outstanding shares of Monmouth Real Estate Investment
Corporation. Pursuant to the Plan, Monmouth Real Estate
Investment Corporation notified United Mobile Homes, Inc. of
the number of shares purchased on October 24, 2001.
Item 4. Purpose of Transaction.
United Mobile Homes, Inc. estimates that it owns real
estate with a market value of in excess of $100,000,000.
Its corporate policy is to invest in other real estate
investment trusts in the approximate amount of $20,000,000.
It maintains a portfolio of marketable securities of other
real estate investment trusts.
CUSIP No. 609720107 Page 5 of 7 Pages
United Mobile Homes, Inc. and Monmouth Real Estate
Investment Corporation are two separate real estate
investment trusts ("REITs"). Certain directors are
directors of both REITs. Management of the two REITs
overlap. The two companies have been operated by common
management since their formation in 1968. United Mobile
Homes, Inc. specializes in the ownership and operation of
manufactured home communities. Monmouth Real Estate
Investment Corporation specializes in the ownership and
operation of net-leased industrial properties.
At the present time, United Mobile Homes, Inc. has no
plans or proposals that relate to (i) any extraordinary
corporate transaction; (ii) any sale or transfer of a
material amount of assets of the Issuer or any of its
subsidiaries; (iii) any change in the present Board of
Directors or management of the Issuer; (iv) any material
change in the present capitalization or dividend policy of
the Issuer; (v) any other material change in the Issuer's
business or corporate structure; (vi) any changes in the
Issuer's charter, bylaws or instruments corresponding
thereto, or other actions that may impede the acquisition or
control of the Issuer by any person; (vii) causing a class
of securities of the Issuer to be delisted from a national
securities exchange or to cease to be authorized to be
quoted in an inter-dealer quotation system of a registered
national securities association; (viii) a class of equity
securities of the Issuer becoming eligible for termination
of registration pursuant to Section 12(g)(4) of the
Securities Exchange Act of 1934, as amended; or (ix) any
other material changes in the operation, management,
structure or financial condition of the Issuer. United
Mobile Homes, Inc. intends to continue to conduct investment
activities related to the securities of the Issuer in the
ordinary course of business.
In the event Monmouth Real Estate Investment
Corporation becomes a substantially larger REIT, there might
be advantages in operating the two REITs under one corporate
structure and as one entity. At the present time,
management of United Mobile Homes, Inc. believes that the
advantages of specializing in one type of property exceed
any one benefit from combining the two companies.
Item 5. Interest in the Securities of the Issuer.
(a) United Mobile Homes, Inc. owns 520,765.7695 shares
of common stock of the Issuer, which equals approximately
5.03% of the total 10,353,412 outstanding shares of common
stock of the Issuer.
Incorporated herein by reference is the proxy statement
of Monmouth Real Estate Investment Corporation dated March
21, 2001 and filed on Form 14A on March 23, 2001 which shows
the ownership by the officers, directors and principal
shareholders in Monmouth Real Estate Investment Corporation.
CUSIP No. 609720107 Page 6 of 7 Pages
Incorporated herein by reference is the proxy statement
of United Mobile Homes, Inc. dated April 25, 2001 and filed
on Form 14A on May 8, 2001 which shows the ownership by the
officers, directors and principal shareholders in United
Mobile Homes, Inc.
The proxy statements of both United Mobile Homes, Inc.
and Monmouth Real Estate Investment Corporation describe the
relationships with the respective officers, directors and
principal shareholders and United Mobile Homes, Inc. and
Monmouth Real Estate Investment Corporation. Membership in
a group is disclaimed.
(b) With respect to all shares of common stock of the
Issuer held by United Mobile Homes, Inc., United Mobile
Homes, Inc. has the sole power to vote and the sole power to
dispose.
(c) United Mobile Homes, Inc. acquired 13,333.333
shares of common stock of the Issuer at $6.00 per share
through its Dividend Reinvestment and Stock Purchase Plan on
October 15, 2001.
United Mobile Homes, Inc. acquired 15,400.435 shares of
common stock of the Issuer at $5.875 per share through its
Dividend Reinvestment and Stock Purchase Plan on September
17, 2001.
In general, the officers and directors of Monmouth Real
Estate Investment Corporation reinvest their dividends
pursuant to the Dividend Reinvestment and Stock Purchase
Plan.
(d) No other person has the right to receive or the
power to direct the receipt of dividends from or the
proceeds from the sale of common stock of the Issuer held by
United Mobile Homes, Inc.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or
Relationships with
Respect to Securities of the Issuer.
United Mobile Homes, Inc. is not a party to any
contract, arrangement, understanding or relationship with
respect to any securities of the Issuer. There are no
contracts, arrangements, understandings or relationships
among the persons named except as described in the proxy
statement dated April 25, 2001 and filed on Form 14A on May
8, 2001 and incorporated herein by reference.
CUSIP No. 609720107 Page 7 of 7 Pages
Item 7. Material to be Filed as Exhibits.
None
Signature.
After reasonable inquiry and to the best of my
knowledge and belief, I certify that the information set
forth in this statement is true, complete and correct.
Dated: October 25, 2001
United Mobile Homes, Inc.,
a New Jersey corporation
By /s/Eugene W. Landy
Eugene W. Landy
Chairman of the Board