Monmouth REIT in $90M Merger

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FREEHOLD, NJ-In what is essentially a merger of two sister companies, Monmouth Real Estate Investment Corp. and Monmouth Capital Corp. have agreed to merge into one company that will continue to bear the Mreic name. The two publicly traded companies share a headquarters here and have many of the same officers and board members.

“The combination enhances our prospects for continued growth and exposure in the marketplace through increased market capitalization and an expanded shareholder base,” says Eugene Landy, president and chairman of Mreic, also known as “Monmouth REIT. “The core assets of the two companies are complementary and the consolidation will enable management to utilize existing capital and resources more efficiently while providing stockholders with a portfolio of assets with enhanced tenant and geographic diversification.”