secwatch.observer — SEC 8-K summary
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Issuer:     ONE LIBERTY PROPERTIES INC (OLP)
CIK:        0000712770
Form:       8-K
Filed at:   2023-12-21T23:59:59+00:00
Accession:  0001213900-23-097758
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/712770/000121390023097758/0001213900-23-097758-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/712770/000121390023097758/ea190520-8k_oneliberty.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-097758

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