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): August 19, 2016
Monmouth Real Estate Investment Corporation
(Exact name of registrant as specified in its charter)
| Maryland | 001-33177 | 22-1897375 | ||
(State or other jurisdiction of incorporation) |
(State or Number) other jurisdiction Number) |
(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 August 22, 2016, the Company issued a press release announcing the acquisition of a brand new built-to-suit 310,922 square foot industrial building located in the Orlando, FL MSA for a purchase price of $37,780,000 on August 19, 2016.
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 August 22, 2016.
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: August 23, 2016 | By: | /s/ Kevin S. Miller |
| Kevin S. Miller | ||
| Chief Financial Officer and Chief Accounting Officer |
| FOR IMMEDIATE RELEASE | August 22, 2016 | |
Contact: Susan Jordan 732-577-9996 |
MONMOUTH REAL ESTATE INVESTMENT CORPORATION ANNOUNCES NEW ACQUISITION IN THE ORLANDO, FL MSA
Freehold, New Jersey….August 22, 2016 ……..Monmouth Real Estate Investment Corporation (NYSE:MNR) acquired a new 310,922 square foot industrial building located at 5000 North Ridge Trail, Davenport, FL at a purchase price of $37,780,000 on August 19, 2016. The property is net-leased for 15 years to FedEx Ground Packaging System, Inc., a Delaware corporation. The building is situated on approximately 47 acres.
Michael P. Landy, President and CEO, commented, “We are very pleased to announce the acquisition of this brand new Class A built-to-suit distribution center leased for 15 years to FedEx Ground. This property is ideally situated right off of Interstate 4. Immediately adjacent to this new FedEx facility, Walmart has recently constructed two large e-commerce fulfillment centers that total 2.35 million square feet.”
Monmouth Real Estate Investment Corporation, founded in 1968 is one of the oldest public equity REITs in the U.S. The Company specializes in single-tenant, net-leased industrial properties, subject to long-term leases, primarily to investment grade tenants. Monmouth Real Estate Investment Corporation is a fully-integrated and self-managed real estate company, whose property portfolio consists of ninety-eight properties located in thirty states, containing a total of approximately 15.7 million rentable square feet. In addition, the Company owns a portfolio of REIT securities.
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