FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. 8K

FREIT completed the sale of its Franklin Crossing shopping center in Franklin Lakes, NJ, for $27 million, realizing substantial net proceeds and gain.

First Real Estate Investment Trust of New Jersey, Inc. (FREIT) announced that it has closed the sale of its Franklin Crossing shopping center in Franklin Lakes, New Jersey, for a purchase price of $27,000,000, generating approximately $25,400,000 in net proceeds at closing and an estimated net gain of about $19,500,000, as part of its strategy to maximize asset value and create stockholder value.

Filing Facts

CIK

36840

Ticker

-

Form

8K

Source Type

sec

Accession

0002077096-26-000217

Alert Tier

6