MONMOUTH REAL ESTATE ANNOUNCES NEW ACQUISITION IN

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Holmdel, NJ, August 2, 2021 (GLOBE NEWSWIRE) – Monmouth Real Estate Investment Corporation (NYSE: MNR) announced that on July 29th it completed the acquisition of a new 143,794 square foot industrial building located at 635 Community Drive, S. Burlington, VT for a purchase price of $ 54.8 million. Property leased for 15 years to FedEx Ground Packaging System, Inc., a Delaware corporation. The building is located on an area of ​​approximately 43.4 acres near Burlington International Airport. A land-to-building ratio of more than 13 times provides significant room for future expansion. This is the first acquisition in the state of Vermont.

Founded in 1968, Monmouth Real Estate Investment Corporation is one of the oldest public REIT funds in the world. We specialize in leasing industrial facilities with an individual tenant on a long-term lease basis, primarily to investment grade tenants. Monmouth Real Estate is a fully integrated and self-managed real estate company with a portfolio of 121 properties, totaling approximately 24.7 million square feet, geographically diversified across 32 states. Our occupancy rate as of this date is 99.7%.

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Contact Person: Becky Coleridge
732-577-9996

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