---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-075360"
form_type: "8-K"
ticker: "FREVS"
cik: "0000036840"
company_name: "FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC."
filed_at: "2024-06-27T23:59:59+00:00"
generated_at: "2026-06-01T01:15:33.095104+00:00"
event_type: "litigation"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FREIT settles litigation with Kushner Companies for $16.9M, receives $15M deposit

## Summary
- Total settlement of $16.9M: $15.0M deposit released plus $1.9M payment due by July 26, 2024.
- $15.0M deposit already received by FREIT and its affiliates; remaining $1.9M due in July.
- Litigation dismissed with prejudice; mutual releases exchanged, no admission of liability.
- Dispute arose from a January 2020 purchase and sale agreement; lis pendens discharged.
- Settlement concludes a multi-year legal dispute with Sinatra Properties and Kushner Companies.

## SEC filing metadata
- accession: 0001104659-24-075360
- form_type: 8-K
- ticker: FREVS
- cik: 0000036840
- company_name: FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC.
- filed_at: 2024-06-27T23:59:59+00:00
- event_type: litigation
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/36840/000110465924075360/0001104659-24-075360-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/36840/000110465924075360/tm2418347d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-075360
- JSON: https://secwatch.observer/filing/0001104659-24-075360.json
- Plain text: https://secwatch.observer/filing/0001104659-24-075360.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.