Real Estate News

Monmouth to be Acquired by ILPT for Approximately $4.0 Billion

Comprehensive Strategic Review Process Results in All-Cash, Value-Maximizing Transaction

Shareholders to Receive $21.00 Per Share in Cash

HOLMDEL, N.J., Nov. 05, 2021 (GLOBE NEWSWIRE) -- Monmouth Real Estate Investment Corporation (NYSE: MNR), or Monmouth, announced today that it has entered into a definitive merger agreement with Industrial Logistics Properties Trust (Nasdaq: ILPT) under which ILPT will acquire all of the outstanding shares of Monmouth for $21.00 per share in an all-cash transaction valued at approximately $4.0 billion including the assumption of debt and the committed acquisition and expansion pipeline (the “Transaction”).

INDUS Announces 2021 Third Quarter Results

NEW YORK, Nov. 04, 2021 (GLOBE NEWSWIRE) -- INDUS Realty Trust, Inc. (Nasdaq: INDT) (“INDUS” or the “Company”), a U.S. based industrial/logistics REIT, today reported financial results for the three months ended September 30, 2021 (the “2021 third quarter”).

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