FREIT BOARD OF DIRECTORS APPROVES PLAN OF VOLUNTARY LIQUIDATION TO MAXIMIZE VALUE FOR STOCKHOLDERS

FREIT BOARD OF DIRECTORS APPROVES PLAN OF VOLUNTARY LIQUIDATION TO MAXIMIZE VALUE FOR STOCKHOLDERS

Current Estimate of Distributions to Stockholders is Approximately $24.44 to $30.03 Per Share;  Representing Significant Premium to Latest Closing Stock Price HACKENSACK, N.J., May 14, 2026 /PRNewswire/ -- First Real Estate Investment Trust of New Jersey, Inc. ("FREIT" or the "Trust") announced today that its Board of Directors (the "Board") has unanimously approved a plan of voluntary liquidation, which provides for the voluntary liquidation an…

65-Year-Old FREIT To Liquidate

The First Real Estate Investment Trust of New Jersey has been investing in commercial real estate since before the Beatles performed on The Ed Sullivan Show. While it far outlasted the Fab Four, the REIT is finally breaking up. The board of directors of FREIT, which was incorporated in 1961, has unanimously approved a plan of voluntary liquidation, the company announced Thursday.

FREIT Board Approves Voluntary Liquidation Plan to Maximize Stockholder Value

The Board of Directors of FREIT approved a plan of volu […] The post FREIT Board Approves Voluntary Liquidation Plan to Maximize Stockholder Value first appeared on GeneOnline News. The post FREIT Board Approves Voluntary Liquidation Plan to Maximize Stockholder Value appeared first on GeneOnline News.