{"schema_version":"secwatch.filing_event.v1","accession":"0001174947-26-000600","form_type":"8-K","ticker":"FREVS","cik":"0000036840","company_name":"FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC.","filed_at":"2026-05-14T20:29:24+00:00","discovered_at":"2026-05-14T20:30:00.297943+00:00","generated_at":"2026-05-14T20:30:36.827009+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"FREIT board approves voluntary liquidation; estimates distribution of $24.44-$30.03 per share","bullets":["Board unanimously approved Plan of Voluntary Liquidation; requires stockholder approval at special meeting expected in Fall 2026.","Estimated net proceeds to stockholders range $24.44-$30.03 per share, vs. recent close of $15.25 on May 13, 2026.","CEO Robert Hekemian Jr. eligible for $1M cash bonus if all properties sold within 18 months for gross proceeds >$319.9M.","Hekemian & Co. gets 1.65% sales fee on property sales plus 2.5x annual base mgmt fee termination fee.","FREIT portfolio: 7 residential, 5 commercial properties, 3 vacant parcels; expects to sell within 24 months of stockholder approval."],"urls":{"canonical":"https://secwatch.observer/filing/0001174947-26-000600","json":"https://secwatch.observer/filing/0001174947-26-000600.json","markdown":"https://secwatch.observer/filing/0001174947-26-000600.md","text":"https://secwatch.observer/filing/0001174947-26-000600.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/36840/000117494726000600/0001174947-26-000600-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/36840/000117494726000600/form8k-35913_frevs.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-14T20:30:36.827009+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}