Starwood Capital Group to acquire Monmouth Real Estate Investment Corp.

Starwood Real Estate Income Trust, an affiliate of Starwood Capital Group, has made an enhanced all-cash, fully financed, fully actionable proposal to acquire Monmouth Real Estate Investment Corp.

The public REIT specializes in single-tenant, net-leased industrial properties, subject to long-term leases, primarily to investment-grade tenants, and its property portfolio consists of 120 properties containing a total of approximately 24.5 million rentable square feet, geographically diversified across 31 states.

The revised proposal, submitted on July 15, 2021, includes an increase in the all-cash net consideration payable to Monmouth shareholders from Starwood Capital’s previous proposal of $18.70 per Monmouth share, made on July 8, 2021.