---
schema_version: "secwatch.filing_event.v1"
accession: "0001174947-26-000467"
form_type: "8-K"
ticker: "FREVS"
cik: "0000036840"
company_name: "FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC."
filed_at: "2026-04-09T23:59:59+00:00"
generated_at: "2026-05-15T06:50:37.765963+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# First Real Estate Investment Trust sells Franklin Crossing shopping center for $27M to Regency Centers affiliate

## Summary
- Purchase price of $27M for 100% ownership interest in Franklin Crossing shopping center in Franklin Lakes, NJ.
- Initial $1M deposit due within three business days; additional $1M due after 30-day inspection period ends May 8, 2026.
- Deposits become non-refundable after inspection period except for certain termination rights; no financing contingency.
- Closing expected in Q3 2026; Board approved unanimously.
- Regency Centers Acquisition, LLC is the purchaser; Seller retains customary indemnities and conditions.

## SEC filing metadata
- accession: 0001174947-26-000467
- form_type: 8-K
- ticker: FREVS
- cik: 0000036840
- company_name: FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC.
- filed_at: 2026-04-09T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/36840/000117494726000467/0001174947-26-000467-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/36840/000117494726000467/form8k-35689_frevs.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001174947-26-000467
- JSON: https://secwatch.observer/filing/0001174947-26-000467.json
- Plain text: https://secwatch.observer/filing/0001174947-26-000467.txt

## Key facts
- Material Agreements
  FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. entered into Purchase and Sale Agreement with an affiliate of Regency Centers Corporation valued at $27,000,000 (effective 2026-04-08).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: an affiliate of Regency Centers Corporation
  - Value: $27,000,000
  - Effective: 2026-04-08
  source text: On April 8, 2026, First Real Estate Investment Trust of New Jersey, Inc. (the “Trust” or the “Seller”) entered into a Purchase and Sale Agreement (the “Agreement”) with an affiliate of Regency Centers Corporation (the “Purchaser”), pursuant to which the Seller will sell to the Purchaser 100% of Seller’s ownership interests in the Franklin Crossing shopping center located at 814-860 Franklin Avenue, Franklin Lakes, New Jersey, (“Franklin Crossing”) in exchange for the purchase price of $27,000,000, subject to the terms and conditions of the Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/36840/000117494726000467/0001174947-26-000467-index.htm

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