Monmouth Real Estate Investment Corporation Announces New Acquisition

Apr 24, 2001, 01:00 ET from Monmouth Real Estate Investment Corporation

    FREEHOLD, N.J., April 24 /PRNewswire Interactive News Release/ --
 Monmouth Real Estate Investment Corporation (Nasdaq:   MNRTA) announced the
 acquisition of a 114,123-square-foot industrial building in Cudahy, Milwaukee
 County, Wisconsin, for a purchase price of approximately $6,100,000.  This
 property is net-leased to FedEx Ground Package System, Inc. for ten years.
 The newly-constructed building was purchased from Jones Development Company,
 LLC, which constructed the building for the tenant.
     Monmouth Real Estate Investment Corporation is a publicly-owned real
 estate investment trust specializing in net-leased industrial properties.
 With the acquisition of this property, the Company's equity portfolio consists
 of twenty-six industrial properties and one shopping center located in New
 Jersey, New York, Connecticut, Michigan, Mississippi, Missouri, Massachusetts,
 Nebraska, Iowa, Illinois, North Carolina, Kansas, Pennsylvania, Florida,
 Virginia, Ohio and Wisconsin.  In addition, the Company owns a portfolio of
 REIT securities.
 
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SOURCE Monmouth Real Estate Investment Corporation
    FREEHOLD, N.J., April 24 /PRNewswire Interactive News Release/ --
 Monmouth Real Estate Investment Corporation (Nasdaq:   MNRTA) announced the
 acquisition of a 114,123-square-foot industrial building in Cudahy, Milwaukee
 County, Wisconsin, for a purchase price of approximately $6,100,000.  This
 property is net-leased to FedEx Ground Package System, Inc. for ten years.
 The newly-constructed building was purchased from Jones Development Company,
 LLC, which constructed the building for the tenant.
     Monmouth Real Estate Investment Corporation is a publicly-owned real
 estate investment trust specializing in net-leased industrial properties.
 With the acquisition of this property, the Company's equity portfolio consists
 of twenty-six industrial properties and one shopping center located in New
 Jersey, New York, Connecticut, Michigan, Mississippi, Missouri, Massachusetts,
 Nebraska, Iowa, Illinois, North Carolina, Kansas, Pennsylvania, Florida,
 Virginia, Ohio and Wisconsin.  In addition, the Company owns a portfolio of
 REIT securities.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X53082751
 
 SOURCE  Monmouth Real Estate Investment Corporation