UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
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| Item 7.01 | Regulation FD Disclosure. |
On August 25, 2021, the Company issued a press release announcing that it completed the acquisition of a brand new built-to-suit 259,053 square foot industrial building located in the Knoxville, TN MSA for a purchase price of $34.4 million.
The information in this report and the exhibit attached hereto is being furnished, not filed, for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and will not be incorporated by reference into any filing under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
| 99 | Press Release dated August 25, 2021 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| MONMOUTH REAL ESTATE INVESTMENT CORPORATION | ||
| Dated: August 26, 2021 | By: | /s/ Kevin S. Miller |
| Kevin S. Miller | ||
| Chief Financial Officer and Chief Accounting Officer | ||
Exhibit 99
Monmouth Real Estate Investment Corporation
BELL WORKS
101 CRAWFORDS CORNER ROAD
SUITE 1405
HOLMDEL, NEW JERSEY 07733
A Public REIT Since 1968
____
| INTERNET: | OFFICE: | EMAIL: | ||
| www.mreic.reit | (732) 577-9996 | mreic@mreic.com |
| FOR IMMEDIATE RELEASE | August 25, 2021 |
Contact: Becky Coleridge | |
| 732-577-9996 |
MONMOUTH REAL ESTATE ANNOUNCES NEW ACQUISITION IN
THE KNOXVILLE, TN MSA
Holmdel, New Jersey…. August 25, 2021 – Monmouth Real Estate Investment Corporation (NYSE:MNR) today announced the acquisition of a new 259,053 square foot industrial building located at 3774 Snyder Road, Kodak, TN at a purchase price of $34.4 million. The property is net-leased for 15 years to FedEx Ground Packaging System, Inc., a Delaware corporation. The building is situated on approximately 42.6 acres representing a land to building ratio of over 7 times providing for substantial future expansion capacity.
Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the world. We specialize in single tenant, net-leased industrial properties, subject to long-term leases, primarily to investment-grade tenants. Monmouth Real Estate is a fully integrated and self-managed real estate company, whose property portfolio consists of 122 properties, containing a total of approximately 24.9 million rentable square feet, geographically diversified across 32 states. Our occupancy rate as of this date is 99.7%.
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