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): December 12, 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))
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Item 7.01. Regulation FD Disclosure.
On December 12, 2014, the Company issued a press release announcing the acquisition of a brand new built-to-suit 599,840 square foot industrial building located in Frankfort, KY for a purchase price of $28,000,000.
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 December 12, 2014.
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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: December 15, 2014 | By: /s/ Kevin S. Miller |
Kevin S. Miller | |
Chief Financial Officer and Chief Accounting Officer | |
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FOR IMMEDIATE RELEASE | December 12, 2014 |
Contact: Susan Jordan 732-577-9996 |
MONMOUTH REAL ESTATE INVESTMENT CORPORATION ANNOUNCES NEW ACQUISITION LEASED TO JIM BEAM IN FRANKFORT, KENTUCKY
Freehold, New Jersey….December 12, 2014 ……..Monmouth Real Estate Investment Corporation (NYSE:MNR) today announced the acquisition of a brand new 599,840 square foot, built-to-suit industrial building, located at 1509 Leestown Road, Frankfort, KY at a purchase price of $28,000,000. The property is net-leased for 10 years to Jim Beam Brands Co., a Delaware corporation. The Class A industrial building is situated on approximately 92.21 acres and is expandable by an additional 200,000 square feet.
Michael P. Landy, President and CEO, commented, “We are extremely proud to welcome Jim Beam to our high quality tenant roster. The Beam Company has been in business in Kentucky for over 200 years and their name is synonymous with the World’s finest Bourbon. The Bourbon industry is booming globally with 95% of all Bourbon made in Kentucky. Over the past two years the Kentucky Bourbon industry has nearly doubled its workforce, tripled its number of distilleries, and set new records for exports and barrel inventories. Today, there are more than 5 million barrels of Bourbon and other whiskeys aging in Kentucky. This represents approximately one million more barrels in Kentucky than people. Our new facility is situated at the center of the Bourbon Capital of the World.”
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-seven properties located in twenty-eight states, containing a total of approximately 12.4 million rentable square feet. In addition, the Company owns a portfolio of REIT securities.
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