Monmouth Real Estate Investment Corporation Announced the Appointment of
Michael P. Landy as President and Chief Executive Officer
FREEHOLD, N.J., April 9, 2013
FREEHOLD, N.J., April 9, 2013 /PRNewswire/ --Monmouth Real Estate Investment
Corporation (NYSE: MNR) announced today that Michael P. Landy has been
appointed the Company's President and Chief Executive Officer. In addition to
his new role, he will continue to serve as Chairman of the Company's Executive
Committee and as a member of the Company's Board of Directors. Michael Landy
succeeds Eugene W. Landy, his father, who has been President and Chief
Executive Officer since 1968, and is the Founder of the Company.
Michael Landy has been with the Company since 2001. He has served on the Board
of Directors since 2007, as Chairman of the Executive Committee since 2010,
and as Chief Operating Officer since 2011. Eugene W. Landy has served as
President and Chairman of the Board since 1968, and will continue to be active
in management as Chairman of the Board of Directors.
Eugene Landy stated, "Michael has been a tremendous asset to Monmouth. Under
Michael's leadership, the Company has made enormous strides and I am extremely
confident in his abilities. We are proud to announce his promotion to the
position of President and CEO and I look forward to working alongside him for
many years to come."
Monmouth Real Estate Investment Corporation, which was organized in 1968, is a
publicly owned real estate investment trust (REIT) specializing in net-leased
industrial properties subject to long-term leases primarily to investment
grade tenants. The Company is a fully integrated and self-managed real estate
company, whose property portfolio consists of seventy-two industrial
properties and one shopping center located in twenty-six states. In addition,
the Company owns a portfolio of REIT securities.
SOURCE Monmouth Real Estate Investment Corporation
Contact: Susan M. Jordan, 732-577-9996
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