One Liberty Properties completes five property sales totaling $23M and reports Manahawkin sale proceeds of $7.1M

ONE LIBERTY PROPERTIES INC

Sold five properties including Applebees in Georgia and retail properties in Virginia and Florida for $23M total; net proceeds ~$19M.
Completed sale of Manahawkin, NJ shopping center via 50%-owned venture for $36.5M; company's share of net proceeds $7.1M.
Used net proceeds to pay down $7.5M credit facility balance; remaining ~$19M for working capital, dividends, and acquisitions.
Anticipates industrial portfolio to contribute ~$47M (66%) of expected 2024 base rent.

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