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:   2026-07-09T20:16:46+00:00
Accession:  0002077096-26-000217
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/36840/000207709626000217/0002077096-26-000217-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/36840/000207709626000217/ea0297554-8k_firstreal.htm
  HTML page:      https://secwatch.observer/filing/0002077096-26-000217

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