Press Releases

MREIC Increases and Extends Its Unsecured Revolving Credit Facility

Monmouth Real Estate Investment Corporation today announced that it entered into an Amended and Restated Credit Agreement on November 15, 2019 to amend its prior unsecured credit facility to provide an additional $100.0 million of bank commitments, extend the current maturity date, and reduce the capitalization rate used for valuation from 6.5% to 6.25%, thus increasing the value of the borrowing base properties.  Additionally, in connection with the Amended Agreement overall pricing was improved by a range of 5 basis points to 35 basis points, based on Monmouth’s leverage levels.