Venable represents Monmouth Real Estate Investment Corporation in underwritten public offering of preferred stock

1 min

Venable represented Monmouth Real Estate Investment Corporation in its recent underwritten public offering of $50 million of 7.875% Series B Cumulative Redeemable Preferred Stock.

Monmouth Real Estate Investment Corporation, which was organized in 1968, is a publicly owned REIT that seeks to invest in net-leased industrial properties subject to long-term leases to investment grade tenants. Monmouth's property portfolio consists of sixty-nine industrial properties and one shopping center located in twenty-five states.

The Venable team consisted of Michael Leber, Carmen Fonda and Hirsh Ament, with additional support provided by Tuck Washburne. Brian O’Connor and Chris Davidson assisted with tax issues.