FREIT closes sale of Franklin Crossing shopping center for $27M, net gain of $19.5M

FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC.

Sale of Franklin Crossing shopping center closed July 8, 2026 for $27,000,000.
Net proceeds to FREIT of approximately $25,400,000.
Net gain of approximately $19,500,000 recognized.
Buyer: an affiliate of Regency Centers Corporation.
Transaction reflects FREIT's strategy to maximize asset value and create stockholder value.

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