---
schema_version: "secwatch.filing_event.v1"
accession: "0001174947-23-000320"
form_type: "8-K"
ticker: "FREVS"
cik: "0000036840"
company_name: "FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC."
filed_at: "2023-03-10T23:59:59+00:00"
generated_at: "2026-06-18T06:00:14.379879+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# FREIT amends management agreement; M&A termination fee raised to 2.5x from 1.25x

## Summary
- Board approved Second Amendment to Management Agreement with Hekemian & Co. on March 9, 2023.
- M&A termination fee increased from 1.25x to 2.5x the standard termination fee.
- Standard termination fee amount was not disclosed in the filing.
- Original Management Agreement dated November 1, 2001 remains otherwise unchanged.

## SEC filing metadata
- accession: 0001174947-23-000320
- form_type: 8-K
- ticker: FREVS
- cik: 0000036840
- company_name: FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC.
- filed_at: 2023-03-10T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/36840/000117494723000320/0001174947-23-000320-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/36840/000117494723000320/form8k-29634_freit.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001174947-23-000320
- JSON: https://secwatch.observer/filing/0001174947-23-000320.json
- Plain text: https://secwatch.observer/filing/0001174947-23-000320.txt

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