FREEHOLD, N.J., Nov. 8 /PRNewswire-FirstCall/ -- On November 8, 2005,
Monmouth Capital Corporation (Nasdaq: MONM) announced the acquisition of two
new properties purchased from Douglas P. Hooker and Britta J. Hooker. Stan
Johnson Company acted as the agent for the seller in both transactions. The
first acquisition is a 31,096-square-foot industrial building in Polk County,
Lakeland, Florida, at a purchase price of approximately $2,150,000. The
second acquisition is a 30,332-square-foot industrial building in Richmond
County, Augusta, Georgia, at a purchase price of approximately $1,900,000.
Each property is net-leased to Federal Express Corporation, a Delaware
corporation, for a period of seven remaining years through November 30, 2012.
These acquisitions bring the total number of industrial properties owned
by Monmouth Capital Corporation to ten, and increase its square footage to
approximately 688,000. Monmouth Capital's other properties are located in New
York, New Jersey, Pennsylvania, Virginia, Minnesota, Florida and Illinois.
Monmouth Capital Corporation ("MONM") is part of a family of REITs
including United Mobile Homes, Inc. (Amex: UMH), which invests in manufactured
home communities, and Monmouth Real Estate Investment Corporation
(Nasdaq: MNRTA), which invests in net-leased industrial properties on long-
term leases to investment grade tenants. MONM pursues real estate
opportunities that are outside the scope of the specialized areas of United
Mobile Homes, Inc., and Monmouth Real Estate Investment Corporation.
SOURCE Monmouth Capital Corporation
-0- 11/08/2005
/CONTACT: Rosemarie Faccone or Susan Jordan, Monmouth Capital
Corporation, +1-732-577-9996/
(MONM UMH MNRTA)
CO: Monmouth Capital Corporation; Stan Johnson Company; Federal Express
Corporation
ST: New Jersey, Florida, Georgia
IN: RLT FIN
SU: RLE
PD
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0011 11/08/200517:17 ESThttp://www.prnewswire.com