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Monmouth REIT Rejects Takeover Bid, Mulls Sale or Merger

Blackwells Capital Calls for Independent Committee, Nominates Four Board Members
Monmouth Real Estate Investment Corp. leases a number of distribution facilities to FedEx, including this one in Jacksonville, Florida. (CoStar)
Monmouth Real Estate Investment Corp. leases a number of distribution facilities to FedEx, including this one in Jacksonville, Florida. (CoStar)
CoStar News
January 15, 2021 | 10:53 P.M.

Monmouth Real Estate Investment Corp. has rejected a roughly $3.8 billion unsolicited offer from activist investor Blackwells Capital and is exploring its strategic alternatives, including a sale.

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