secwatch.observer — SEC 8-K summary
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Issuer:     FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. (FREVS)
CIK:        0000036840
Form:       8-K
Filed at:   2026-05-27T21:07:28+00:00
Accession:  0001174947-26-000621
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FREVS agrees to sell Westwood Plaza to Regency Centers affiliate for $28.8M
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- Purchase price of $28.8M; initial deposit $1.2M, additional $1M after 120-day due diligence.
- Buyer has option to extend due diligence up to 9 extra months at $50k/month; no financing contingency.
- Board unanimously approved; closing targeted by August 15, 2027.
- Property is 100% ownership interest in Westwood Plaza shopping center in Westwood, NJ.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/36840/000117494726000621/0001174947-26-000621-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/36840/000117494726000621/form8k-35961_frevs.htm
  HTML page:      https://secwatch.observer/filing/0001174947-26-000621

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