---
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"
generated_at: "2026-05-14T20:30:36.827009+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# FREIT board approves voluntary liquidation; estimates distribution of $24.44-$30.03 per share

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001174947-26-000600
- JSON: https://secwatch.observer/filing/0001174947-26-000600.json
- Plain text: https://secwatch.observer/filing/0001174947-26-000600.txt

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