Real Estate News

Monmouth Shareholders Approve Acquisition by ILPT

Shareholders to Receive $21.00 Per Share in Cash

HOLMDEL, N.J., Feb. 17, 2022 (GLOBE NEWSWIRE) -- Monmouth Real Estate Investment Corporation (NYSE: MNR), or Monmouth, today announced that its shareholders voted to approve the acquisition of Monmouth by Industrial Logistics Properties Trust, a Maryland real estate investment trust (“ILPT”).

Hersha Hospitality Trust Announces Fourth Quarter 2021 Results

- Fourth Quarter 2021 Net Loss of $0.48 Per Share -

- Fourth Quarter 2021 Adjusted Funds from Operations1 of $0.20 Per Share -

- Property Level Cash Flow1 up 16% Compared to Third Quarter 2021 -

- Comparable Portfolio GOP Margin of 45%, Exceeds Fourth Quarter 2019 -

- Resort Portfolio RevPAR 15.7% Above Fourth Quarter 2019 -

- Manhattan Weekday RevPAR up 47% Compared to Third Quarter 2021, December Weekend ADR Surpassed December 2019 by 390 basis points -

PHILADELPHIA, Feb.

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