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 14, 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 14, 2014, the Company issued a press release announcing the acquisition of a 38,833 square foot industrial building located in the Rockford, IL for a purchase price of $5,200,000
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 14, 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 14, 2014 | By: /s/ Kevin S. Miller |
Kevin S. Miller | |
Chief Financial Officer and Chief Accounting Officer | |
FOR IMMEDIATE RELEASE |
October 14, 2014
|
Contact: Susan Jordan 732-577-9996 |
MONMOUTH REAL ESTATE INVESTMENT CORPORATION ANNOUNCES NEW ACQUISITION AT THE ROCKFORD INTERNATIONAL AIRPORT
Freehold, New Jersey…. October 14, 2014 ……..Monmouth Real Estate Investment Corporation (NYSE:MNR) today announced the acquisition of a 38,833 square foot industrial building located at 5795 Logistics Parkway, Rockford, Illinois at a purchase price of $5,200,000. The built to suit property was completed in 2012 and is net-leased for 15 years to BE Aerospace, Inc. with 12.7 years remaining. The building is situated on approximately 7.42 acres at the Rockford International Airport and is expandable by an additional 80,000 square feet.
Michael P. Landy, President and CEO, commented, “BE Aerospace is a global leader in manufacturing aircraft products and we welcome them to our roster of high quality tenants. The Rockford International Airport has been experiencing substantial growth and this marks our second acquisition at this airport. This transaction represents our third acquisition for fiscal 2015 which began on October 1, 2014. Our property portfolio now contains 11.6 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-five properties located in twenty-eight states, containing a total of approximately 11.6 million rentable square feet. In addition, the Company owns a portfolio of REIT securities.
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