MNR Monmouth Real Estate Investment Corporation Class A

MONMOUTH REAL ESTATE ANNOUNCES NEW ACQUISITION IN THE BIRMINGHAM, AL MSA

MONMOUTH REAL ESTATE ANNOUNCES NEW ACQUISITION IN THE BIRMINGHAM, AL MSA

Holmdel, New Jersey, Oct. 27, 2021 (GLOBE NEWSWIRE) -- Monmouth Real Estate Investment Corporation (NYSE:MNR) today announced the acquisition of a new 290,879 square foot industrial building located at 3200 Rodeo Ct., Bessemer, AL at a purchase price of $30.2 million. The property is net-leased for 15 years to FedEx Ground Packaging System, Inc., a Delaware corporation. The building is situated on approximately 46 acres representing a land to building ratio of seven times providing for substantial future expansion capacity. Monmouth currently has nine properties undergoing parking expansions with several more planned in order to accommodate the strong demand for last-mile delivery.

Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the world. We specialize in single tenant, net-leased industrial properties, subject to long-term leases, primarily to investment-grade tenants. Monmouth Real Estate is a fully integrated and self-managed real estate company, whose property portfolio consists of 123 properties, containing a total of approximately 25.2 million rentable square feet, geographically diversified across 32 states. Our occupancy rate as of this date is 99.7%.

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Contact: Becky Coleridge

732-577-9996



EN
27/10/2021

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MNR MONMOUTH REAL ESTATE INVESTMENT CORPORATION CLASS A
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Leading Independent Proxy Advisory Firms ISS and Glass Lewis Recommend...

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February 14, 2022 1 EN
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MONMOUTH REAL ESTATE ANNOUNCES NEW ACQUISITION IN THE BIRMINGHAM, AL M...

MONMOUTH REAL ESTATE ANNOUNCES NEW ACQUISITION IN THE BIRMINGHAM, AL MSA Holmdel, New Jersey, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Monmouth Real Estate Investment Corporation (NYSE:MNR) today announced the acquisition of a new 530,000 square foot Class A distribution center located at 11146 Will Walker Road, Vance, AL at a purchase price of $51.7 million. The property is net-leased for 10 years to Mercedes Benz US International, Inc., an Alabama corporation. The building is situated on approximately 53.5 acres representing a land to building ratio of over four times providing for future expa...

January 28, 2022 1 EN
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