secwatch.observer — SEC 8-K summary
======================================

Issuer:     FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. (FREVS)
CIK:        0000036840
Form:       8-K
Filed at:   2026-04-09T23:59:59+00:00
Accession:  0001174947-26-000467
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/36840/000117494726000467/0001174947-26-000467-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/36840/000117494726000467/form8k-35689_frevs.htm
  HTML page:      https://secwatch.observer/filing/0001174947-26-000467

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer