8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)              October 9, 2007

MONMOUTH REAL ESTATE INVESTMENT CORPORATION

(Exact name of Registrant as specified in its charter)

MARYLAND                         001-33177                22-1897375

(State or other jurisdiction     (Commission        (IRS Employer

of incorporation)                 File Number)    Identification Number)

3499 Route 9N, Suite 3C, Freehold, NJ    07728

(Address of principal executive offices)   (Zip Code)

Registrant's telephone number, including area code         (732) 577-9996

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

[  ] Written communications pursuant to Rule 425 under Securities Act (17 CFR 230.425)

[  ] Soliciting material pursuant to Rule 142-12 under the Exchange Act (17 CFR 240.14a-12

[  ] Pre-commencement communications pursuant to rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02    Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers    

The Board of Directors of the Registrant appointed Catherine B. Elflein to the Board of Directors, effective October 9, 2007.    Ms. Elflein will fill the vacancy on the Board of Directors created by a previously announced Director resignation.  Ms. Elflein was also appointed to the Audit Committee.

Item 7.01    Regulation FD Disclosure.

On October 10, 2007, the Company issued a press release announcing the appointment of Catherine B. Elflein to the Board of Directors and to the Audit Committee.

Item 9.01   Financial Statements and Exhibits.

(c)   Exhibits.

99.1

Press Release dated October 10, 2007.

Page 2

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

                                /s/   Anna T. Chew

                                ANNA T. CHEW

                                Chief Financial Officer

     Date        October 10, 2007

Page 3

EX-99

FOR IMMEDIATE RELEASE

October 10, 2007

Contact:  Rosemarie Faccone

     Susan Jordan

     732-577-9997

MONMOUTH REAL ESTATE INVESTMENT CORPORATION APPOINTS CATHERINE B. ELFLEIN TO ITS BOARD OF DIRECTORS

FREEHOLD, NJ, October 10, 2007…..On October 9, 2007, the Board of Directors of Monmouth Real Estate Investment Corporation (NASDAQ/MNRTA) announced the appointment of Catherine B. Elflein to its Board of Directors.  Ms. Elflein is considered an independent Director under the pertinent NASDAQ rules and will fill the vacancy on the Board of Directors created by a previously announced Director resignation.  Ms. Elflein was also appointed to the Audit Committee.

Ms. Elflein is the Director of Treasury & Risk Management of Celgene Corporation, a publicly traded, global bio-pharmaceutical company.  She is responsible for the marketing, negotiation and administration of the company’s property, casualty and executive risk programs.  Ms. Elflein was previously with Celanese Corporation, a leading global producer of value-added industrial chemicals.  She served Celanese in many capacities, including Controller of Captive Insurance Companies, Director of Treasury Operations and Director of Corporate Finance.  

Ms. Elflein is a certified public accountant and received a Bachelor of Science in Accounting and a Masters of Business Administration in Finance from Seton Hall University.

Commenting on the announcement, Eugene W. Landy, President, said, “With this appointment, the Board of Directors recognizes Catherine Elflein’s valuable treasury, risk management and accounting expertise.  Catherine’s appointment to the Monmouth Real Estate Investment Corporation’s Board of Directors is a strategic step within the Company’s long-term business plan for creating a major REIT specializing in net-leased industrial properties.”

Monmouth Real Estate Investment Corporation, which was organized in 1968, is a publicly-owned real estate investment trust specializing in net-leased industrial properties. The Company’s equity portfolio consists of fifty-seven industrial properties and one shopping center located in twenty-six states.  In addition, the Company owns a portfolio of REIT securities.

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