secwatch.observer — SEC 8-K summary
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Issuer:     ONE LIBERTY PROPERTIES INC (OLP)
CIK:        0000712770
Form:       8-K
Filed at:   2023-09-08T23:59:59+00:00
Accession:  0001213900-23-075397
Event type: other_material
Sentiment:  negative
Materiality: 0.50
Item codes: 2.06, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OLP joint venture to sell NJ shopping center; expects $800k-$900k equity loss
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- 50%-owned joint venture contracted to sell Manahawkin, NJ property for ~$36.5M; OLP net proceeds ~$6-8M.
- Closing expected late 2023; proceeds to reduce credit facility ($16.5M at 7.07% as of Aug 31, 2023).
- OLP anticipates Q3 2023 equity in loss from venture of $800k-$900k vs $79k earned in H1 2023.
- Regal Cinemas is a tenant at the property; Regal repaid $51k deferred rent in H1 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/712770/000121390023075397/0001213900-23-075397-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/712770/000121390023075397/ea184756-8k_oneliberty.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-075397

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