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 3, 2014
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.) |
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)
________________________________________________________________________________
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 3, 2014, the Company issued a press release announcing the acquisition of a 163,378 square foot industrial building located in the Tyler Texas MSA for a purchase price of $10,271,355.
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 3, 2014.
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 3, 2014 | By: /s/ Kevin S. Miller |
Kevin S. Miller | |
Chief Financial Officer and Chief Accounting Officer | |
FOR IMMEDIATE RELEASE | October 3, 2014 |
Contact: Susan Jordan | |
732-577-9996 |
MONMOUTH REAL ESTATE INVESTMENT CORPORATION ANNOUNCES NEW ACQUISITION IN TYLER TEXAS MSA
Freehold, New Jersey…. October 3, 2014 ……..Monmouth Real Estate Investment Corporation (NYSE:MNR) today announced the acquisition of a 163,378 square foot industrial building located at 800 Lindale Industrial Parkway, Lindale, Texas at a purchase price of $10,271,355. The property is net-leased for 10 years to FedEx Ground Package System, Inc., a Delaware corporation. The building is situated on approximately 18 acres just outside of Tyler, Texas and is expandable.
Michael P. Landy, President and CEO, commented, “This new built-to-suit property is in close proximity to Interstate 20 and the Union Pacific rail hub. Texas is one of the most business friendly states in the nation and this acquisition enhances our already strong presence here.”
"With $97.4 million in new acquisitions consisting of 1.45 million square feet consummated in fiscal 2014 which ended on September 30th, this transaction marks our first acquisition for fiscal 2015. Our property portfolio now contains 11.4 million total square feet with several additional acquisitions currently under construction.”
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 eighty-three properties located in twenty-eight states, containing a total of approximately 11.4 million rentable square feet. In addition, the Company owns a portfolio of REIT securities.
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