{"id":3959,"date":"2021-09-20T12:34:11","date_gmt":"2021-09-20T17:34:11","guid":{"rendered":"https:\/\/1reason.com\/re\/monmouth-real-estate-announces-new-acquisition-in-the-knoxville-tn-msa\/3959\/"},"modified":"2021-09-21T07:34:11","modified_gmt":"2021-09-21T12:34:11","slug":"monmouth-real-estate-announces-new-acquisition-in-the-knoxville-tn-msa","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/monmouth-real-estate-announces-new-acquisition-in-the-knoxville-tn-msa\/3959\/","title":{"rendered":"MONMOUTH REAL ESTATE ANNOUNCES NEW ACQUISITION IN THE KNOXVILLE, TN MSA"},"content":{"rendered":"<div> The property is net-leased for 15 years to FedEx Ground Packaging System, Inc., a Delaware corporation. The building is situated on approximately 42.6 acres representing a land to building ratio of over 7 times providing for substantial future expansion capacity.  <\/p>\n<p align=\"justify\">Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the world. We specialize in single tenant, net-leased industrial properties, subject to long-term leases, primarily to investment-grade tenants. Monmouth Real Estate is a fully integrated and self-managed real estate company, whose property portfolio consists of 122 properties, containing a total of approximately 24.9 million rentable square feet, geographically diversified across 32 states. Our occupancy rate as of this date is 99.7%.<\/p>\n<p align=\"center\">######<\/p>\n<p align=\"left\"><strong>Contact:<\/strong> <strong>Becky Coleridge<\/strong><br \/><strong>732-577-9996<\/strong><\/p>\n<p><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" data-src=\"https:\/\/ml.globenewswire.com\/media\/MGQwOTIyYTgtMWYxMS00M2QxLTk1NGUtZDNiZjBmOWJlYTQ5LTUwMDA3MTc0NA==\/tiny\/Monmouth-Real-Estate-Investmen.png\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p align=\"justify\">Holmdel, New Jersey, Aug. 25, 2021 (GLOBE NEWSWIRE) &#8212; Monmouth Real Estate Investment Corporation (NYSE:MNR) today announced the acquisition of a new 259,053 square foot industrial building located at 3774 Snyder Road, Kodak, TN at a purchase price of $34.4 million.<\/p>\n<\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/3959"}],"collection":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/comments?post=3959"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/3959\/revisions"}],"predecessor-version":[{"id":3976,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/3959\/revisions\/3976"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=3959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=3959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=3959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}