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): November 9, 2015
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-D 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 November 9, 2015, the Company issued a press release announcing the new lease agreement with Style Crest, Inc. at its Winston-Salem, NC location for 5.25 years.
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 November 9, 2015.
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: November 10, 2015 | By: /s/ Kevin S. Miller |
Kevin S. Miller | |
Chief Financial Officer and Chief Accounting Officer | |
FOR IMMEDIATE RELEASE |
November 9, 2015
|
Contact: Susan Jordan 732-577-9996 |
MONMOUTH REAL ESTATE INVESTMENT CORPORATION ANNOUNCES NEW LEASE AGREEMENT WITH STYLE CREST INC AT WINSTON SALEM, NC LOCATION
FREEHOLD, N.J., November 9, 2015 /PRNewswire/ -- Monmouth Real Estate Investment Corporation (NYSE:MNR) today announced that it recently entered into a five year three month lease agreement commencing January 1, 2016 with Style Crest, Inc. (Style Crest), an Ohio corporation. Style Crest will lease Monmouth’s previously vacant 106,507 square foot building located in Winston-Salem, N.C. through March 31, 2021. This lease to Style Crest becomes effective January 1, 2016, and will increase the Company’s overall occupancy rate to 99.5%.
Richard Molke, Vice President of Asset Management, commented, “Style Crest, a provider of more than 4,000 products nationwide in both manufactured housing and traditional residential housing, has a history dating back more than 40 years. This new location provides Style Crest with the additional space they need to continue to expand and serve their customers in this region. We are proud to welcome this growing company to our high-quality tenant base. Our portfolio occupancy will increase to 99.5% upon lease commencement.”
Monmouth Real Estate Investment Corporation, founded in 1968 and one of the oldest public equity REITs in the U.S., specializes in single-tenant, 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 ninety-one properties located in twenty-eight states, containing a total of approximately 14 million rentable square feet. In addition, the Company owns a portfolio of REIT securities.
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