May 26, 2022

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MONMOUTH Real ESTATE ANNOUNCES NEW ACQUISITION IN THE ATLANTA, GA MSA NYSE:MNR

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NEW ACQUISITION IN THE ATLANTA, GA MSA

A new 657,518 square foot industrial developing found at 3150 Highway 42 in Locust Grove, GA.

Holmdel, New Jersey., Dec. 24, 2020 (Globe NEWSWIRE) — Monmouth Actual Estate Investment decision Company (NYSE:MNR) these days announced the acquisition of a new 657,518 square foot industrial creating situated at 3150 Freeway 42 in Locust Grove, GA. at a invest in selling price of $96.7 million. The property is web-leased for 20 several years to Property Depot U.S.A., Inc. The developing is situated on around 130 acres and has a land-to-setting up ratio of approximately nine occasions, giving sufficient prospect for potential development to drive accretive development.

Michael P. Landy, President and CEO, commented, “We are quite happy to announce this large-high-quality acquisition. A popular misconception is that all industrial genuine estate supplies a linkage to the digital financial state, but in actuality, a new type of industrial true estate has been designed precisely to serve the computer-pushed source chain. These smart, hugely-automated services are uniquely equipped to take care of omni-channel distribution.”

Landy extra, “With the addition of this model new facility in close proximity to Atlanta, Monmouth’s weighted regular building age is now 9.5 a long time, symbolizing the youngest and most point out-of-the-artwork portfolio in the Industrial REIT sector. Via the acquisition of 1 higher-high quality asset at a time, we have more than doubled our portfolio dimensions in excess of the previous five decades. This transaction marks our second higher-high quality acquisition all through the initially quarter. Fiscal 2021 is off to a extremely robust get started for Monmouth, and we are self-confident we are getting the right techniques to lengthen our company’s prolonged observe history of worthwhile growth and worth development.”

Monmouth Genuine Estate Financial investment Corporation, established in 1968, is a person of the oldest community fairness REITs in the environment. We specialize in solitary tenant, net-leased industrial qualities, topic to extensive-phrase leases, generally to financial commitment-grade tenants. Monmouth Genuine Estate is a entirely integrated and self-managed genuine estate enterprise, whose home portfolio is made up of 121 properties, that contains a whole of roughly 24.5 million rentable sq. ft, geographically diversified throughout 31 states. Our occupancy charge as of this date is 99.7%.

Forward-Searching Statements

This push release is made up of forward-seeking statements within just the meaning of Part 27A of the Securities Act of 1933, as amended, Portion 21E of the Securities Trade Act of 1934, as amended, and the Personal Securities Litigation Reform Act of 1995. Forward-on the lookout statements offer the Company’s latest anticipations or forecasts of foreseeable future events. Ahead-searching statements consist of statements about the Company’s expectations, beliefs, intentions, options, objectives, ambitions, strategies, foreseeable future activities, effectiveness and fundamental assumptions and other statements that are not historical specifics. You can determine ahead-wanting statements by their use of forward-seeking text, these kinds of as “may,” “will,” “anticipate,” “expect,” “believe,” “intend,” “plan,” “should,” “seek” or similar conditions, or the adverse use of individuals text, but the absence of these words does not essentially mean that a statement is not ahead-wanting. The forward-hunting statements are based mostly on the Company’s beliefs, assumptions and expectations of its long term general performance, having into account all information and facts currently offered to it. Ahead-hunting statements are not predictions of foreseeable future gatherings. These beliefs, assumptions and anticipations can adjust as a final result of a lot of doable occasions or aspects, not all of which are identified to the Business. Some of these variables are explained underneath the headings “Risk Factors” and “Management’s Discussion and Investigation of Fiscal Ailment and Benefits of Operations” as bundled in the Company’s Yearly Report on Sort 10-K for the fiscal year ended September 30, 2020, and its other periodic reports submitted with the Securities and Exchange Commission, which are available on the Securities and Trade Commission’s site at www.sec.gov. These elements need to not be construed as exhaustive and need to be examine in conjunction with other cautionary statements that are incorporated in the filings. These and other threats, uncertainties and elements could lead to the Company’s real final results to vary materially from those provided in any ahead-searching statements it tends to make. Any ahead-hunting statement speaks only as of the day on which it is designed. New risks and uncertainties arise about time, and it is not feasible for the Firm to forecast all those events or how they may perhaps have an impact on it. Other than as necessary by law, the Firm is not obligated to, and does not intend to, update or revise any ahead-looking statements, regardless of whether as a result of new data, long run occasions or or else. You should not put undue reliance on these ahead-seeking statements, as gatherings explained or implied in these statements may possibly not arise.

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Speak to:
Becky Coleridge
732-577-9996
Email: [email protected]
www.mreic.reit

  • NEW ACQUISITION IN THE ATLANTA, GA MSA

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