Mergers & Acquisitions ·
On July 8, 2026, First Real Estate Investment Trust of New Jersey, Inc. consummated the sale of 100% of its ownership…
FREVSFirst Real Estate Investment Trust of New Jersey, Inc.
On July 8, 2026, First Real Estate Investment Trust of New Jersey, Inc. consummated the sale of 100% of its ownership interests in the Franklin Crossing shopping center in Franklin Lakes, New Jersey, to an affiliate of Regency Centers Corporation. The transaction resulted in net proceeds of approximately $25,400,000 and a net gain of approximately $19,500,000, based on a purchase price of $27,000,000. The company is a real estate investment trust that owns and manages commercial properties.