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Land & Buildings Issues Letter to Monmouth Real Estate Shareholders
January 26, 2021 GMT
STAMFORD, Conn. (BUSINESS WIRE) Jan 26, 2021
Land & Buildings Investment Management, LLC (together with its affiliates, “Land & Buildings”) today issued the following letter to shareholders of Monmouth Real Estate Investment Corporation (NYSE: MNR) (“Monmouth” or the “Company”) regarding the Company’s flawed strategic alternatives process and Land & Buildings’ nomination of four highly-qualified director candidates for election at Monmouth’s 2021 Annual Meeting of Shareholders (“2021 Annual Meeting”).
The full text of the letter follows:
January 26, 2021
Planning Board Pegs Moorestown Mall Area In Need Of Redevelopment
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PREIT is selling part of its Moorestown Mall property to develop into hotel and apartments
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By Lauren Thomas, CNBC •
Updated on January 6, 2021 at 12:54 pm
Bruce Leighty | Photolibrary | Getty Images
Macy s is closing dozens of department stores this year.
The closures are part of a previously announced plan by Macy s to shut 125 locations by 2023, which the retailer outlined last February.
department stores this year, in a bid to move out of underperforming malls and trim a real estate empire that isn t as valued as it once was.
Liquidation sales have already started at some of the locations that are closing. The rest are slated to start later this month.
(See a full list of the closing stores and recently closed locations below.) In 2020, Macy s closed about 30 locations.
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