UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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) January 22, 2018
MONMOUTH REAL ESTATE INVESTMENT CORPORATION
(Exact name of registrant as specified in its charter)
| MARYLAND | 001-33177 | 22-1897375 | ||
| (State or other jurisdiction | (Commission | (IRS Employer | ||
| of incorporation) | File Number) | Identification No.) |
| 3499 Route 9N, Suite 3D, Freehold, NJ | 07728 | |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code (732) 577-9996
(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 Instructions A.2. below):
| [ ] | Written communications pursuant to Rule 425 under Securities Act (17 CFR 230.425) |
| [ ] | Soliciting material pursuant to Rule 142-12 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)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company [ ]
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Item 7.01. Regulation FD Disclosure.
On January 22, 2018, the Company issued a press release announcing the acquisition of a brand new built-to-suit 831,764 square foot industrial building located in Savannah, GA for a purchase price of $57,483,636.
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 January 22, 2018. |
| 2 |
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 | |
| /s/ Kevin S. Miller | |
| Kevin S. Miller | |
| Chief Financial and Accounting Officer |
Date January 23, 2018
| 3 |
| FOR IMMEDIATE RELEASE | January 22, 2018 |
Contact: Susan Jordan 732-577-9996 |
MONMOUTH REAL ESTATE ANNOUNCES NEW ACQUISITION IN
SAVANNAH, GA
Freehold, New Jersey…. January 22, 2018……..Monmouth Real Estate Investment Corporation (NYSE:MNR) today announced the acquisition of a brand new 831,764 square foot industrial building located at 590 Northport Parkway, Savannah, GA at a purchase price of $57,483,636. The property is net-leased for 10 years to Shaw Industries, Inc., a Georgia corporation. The building is situated on approximately 62.4 acres.
Michael P. Landy, President and CEO, commented, “We are extremely pleased to announce this new acquisition. Shaw Industries is one of the largest flooring manufacturers and suppliers in the world. They are a wholly-owned subsidiary of Berkshire Hathaway. The Port of Savannah is the fourth largest port in the U.S. and is the fastest growing port in North America. The Port of Savannah has already benefited from increased market share as a direct result of the recently expanded Panama Canal.”
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 109 properties containing a total of approximately 19.9 million rentable square feet, geographically diversified across 30 states. In addition, the Company owns a portfolio of REIT securities.
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