UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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 25, 2013
MONMOUTH REAL ESTATE INVESTMENT CORPORATION
(Exact name of registrant as specified in its charter)
Maryland (State or other jurisdiction of incorporation) | 001-33177 (State or Number) other jurisdiction Number) | 22-1897375 (I.R.S. Employer Identification No.) |
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Juniper Business Plaza, Suite 3-C 3499 Route 9 North Freehold, New Jersey 07728 (Address of principal executive offices) (Zip Code) | ||
(732) 577-9996
(Registrant’s telephone number, including area code)
Not Applicable
(Former Name or Former Address, If Changed Since Last Report)
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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 Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-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 October 25, 2013, the Company issued a press release announcing the acquisition of a 558,600 square foot industrial building located in Buckner, KY for $27,070,616.
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.
99.1
Press release, dated October 25, 2013.
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: October 25, 2013 | By: /s/ Kevin S. Miller |
| Kevin S. Miller |
| Chief Financial Officer and Chief Accounting Officer |
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FOR IMMEDIATE RELEASE
October 25, 2013
Contact: Susan Jordan
732-577-9996
MONMOUTH REAL ESTATE INVESTMENT CORPORATION ANNOUNCES NEW ACQUISITION
Freehold, New Jersey…. October 25, 2013 ……..Monmouth Real Estate Investment Corporation (NYSE:MNR) today announced the acquisition of a 558,600 square foot industrial building located at 4555 West Highway 146, Oldham County, Buckner, Kentucky at a purchase price of $27,070,616. The property, developed by and purchased from Atlanta-based Industrial Developments International (IDI), is net-leased for 20 years to Ralcorp Holdings, Inc., a division of ConAgra Foods, Inc., a Delaware corporation. The building is situated on approximately 57 acres in the Louisville MSA and is expandable by approximately 200,000 additional square feet.
Michael P. Landy, President and CEO, commented, “Ralcorp/ConAgra is one of North America’s largest packaged food companies. This new Class A built-to-suit distribution center is adjacent to one of Ralcorp’s manufacturing facilities and is leased for 20 years. Monmouth has a very high caliber tenant base and the addition of Ralcorp/ConAgra to our growing list of investment grade tenants enhances this strength. Additionally, our portfolio is now diversified across twenty-seven states, with this acquisition representing our first property in the State of Kentucky. Kentucky is home to thousands of domestic companies as it is strategically very well located from a distribution perspective. Trucks can reach about two-thirds of the US population within a day, it ranks third amongst US states in air cargo volume, and it is a premium location for rail service. It also ranks second in the nation in job growth. With this acquisition, our high quality portfolio of industrial assets has eclipsed the 10 million rentable square foot threshold and is now at approximately 10.2 million rentable square feet and growing.”
Monmouth Real Estate Investment Corporation, founded in 1968 and one of the oldest public equity REITs in the U.S., specializes in net-leased industrial properties subject to long-term leases primarily to investment grade tenants. The Company is a fully integrated and self-managed real estate company, whose property portfolio consists of seventy-seven industrial properties and one shopping center located in twenty-seven states, containing a total of approximately 10.2 million rentable square feet. In addition, the Company owns a portfolio of REIT securities.
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