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) November 9, 2011
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 7.01 Regulation FD Disclosure.
On November 9, 2011, the Company issued a press release announcing the acquisition of a 75,000 square foot industrial property in Halfmoon, NY for approximately $6,000,000.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits.
99
Press Release dated November 9, 2011.
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/ Maureen E. Vecere
MAUREEN E. VECERE
Chief Financial Officer and Chief Accounting Officer
Date November 9, 2011
Page 3
FOR IMMEDIATE RELEASE
November 9, 2011
Contact:
Susan Jordan
(732) 577-9996
MONMOUTH REAL ESTATE INVESTMENT CORPORATION
ANNOUNCES NEW ACQUISITION
Freehold, NJ, November 9, 2011…….Monmouth Real Estate Investment Corporation (NYSE:MNR) today announced the acquisition of a 75,000 square foot industrial building located at 4 Liebich Lane, Saratoga County, Halfmoon, New York, at a purchase price of $6.0 million. The property is net-leased for ten years to RGH Enterprises, Inc. (RGH) and is guaranteed by its parent company, HGI Holdings, Inc.
The building is situated on approximately 8.0 acres and has expansion capabilities. This is a brand new construction by Geis Development. This acquisition increases Monmouth’s gross leasable area to approximately 8.0 million square feet.
Michael P. Landy, COO, commented, “We are very pleased to add this medical supplies distribution center to our expanding portfolio. RGH is a leading national provider of direct-to-home specialty medical products. We look forward to building a strong long-term relationship with RGH as we enjoy with our other tenants. This facility is very well located near Albany and is approximately 5 miles from North America’s largest construction site, the new Global Foundries semiconductor manufacturing facility. In addition to Global Foundries’ multi-billion dollar investment, other technological leaders including IBM and Intel have also announced plans to expand here. This region, now referred to as Tech Valley, is very well poised for substantial economic growth as a result of these developments.”
Monmouth Real Estate Investment Corporation, which was organized in 1968, is a publicly owned real estate investment trust specializing in net-leased industrial properties subject to long-term leases primarily to investment grade tenants. The Company’s property portfolio now consists of sixty-seven industrial properties and one shopping center located in twenty-five states. In addition, the Company owns a portfolio of REIT securities.
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