Monmouth Real Estate Investment Corporation Announces New Acquisition

Apr 25, 2001, 01:00 ET from Monmouth Real Estate Investment Corporation

    FREEHOLD, N.J., April 25 /PRNewswire/ --
     Monmouth Real Estate Investment Corporation (Nasdaq:   MNRTA) announced the
 acquisition of a 109,735 square foot industrial building in Beltsville,
 Maryland, for a purchase price of approximately $9,000,000.  This property is
 net-leased to FedEx Ground Package System, Inc. for ten years.  The newly-
 constructed building was purchased from Scannell Properties #19, 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-seven industrial properties and one shopping center located in New
 Jersey, New York, Connecticut, Maryland, 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 25 /PRNewswire/ --
     Monmouth Real Estate Investment Corporation (Nasdaq:   MNRTA) announced the
 acquisition of a 109,735 square foot industrial building in Beltsville,
 Maryland, for a purchase price of approximately $9,000,000.  This property is
 net-leased to FedEx Ground Package System, Inc. for ten years.  The newly-
 constructed building was purchased from Scannell Properties #19, 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-seven industrial properties and one shopping center located in New
 Jersey, New York, Connecticut, Maryland, 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/11690X33356656
 
 SOURCE  Monmouth Real Estate Investment Corporation