August 21, 2017 5:50 AM ET

Equity Real Estate Investment Trusts (REITs)

Company Overview of GTJ Reit Inc.

Company Overview

GTJ REIT, Inc. operates as a real estate investment trust (REIT) in the United States. The company engages in the acquisition, ownership, and management of commercial real estate properties primarily located in New York City. As of June 30, 2008, it owned 7 properties containing a total of approximately 561,000 square feet of leasable area. The company, through its other subsidiaries, provides outdoor maintenance and shelter cleaning services to outdoor advertising companies in New York, New Jersey, Arizona, and California; and paratransit services for physically and mentally challenged persons. GTJ REIT has elected to be taxed as a REIT under the Internal Revenue Code. As a REIT, the compan...

60 Hempstead Ave

Suite 718

West Hempstead

Hempstead, NY 11552

United States

Phone:

516-693-5500

Fax:

516-693-5501

Key Executives for GTJ Reit Inc.

Chief Executive Officer, Chairman of the Board, and Director
Age: 56
President and Chief Operating Officer
Chief Accounting Officer
Age: 65
Vice President, Secretary, Treasurer and Director
Age: 70
Executive of Subsidiaries
Compensation as of Fiscal Year 2017.

GTJ Reit Inc. Key Developments

GTJ REIT, Inc. Acquires Industrial Building in Southern New Jersey

GTJ REIT (GTJ) announced that it has acquired an industrial building in Cherry Hill, NJ. The facility is currently leased and occupied by Avalon Flooring for a fifteen-year term. Terms of the transaction were not disclosed. The property is a 109,700 square foot building that provides installation training and distribution for Avalon’s fourteen retail stores throughout New Jersey, Pennsylvania and Delaware. Avalon has invested in various improvements to the building including LED lighting, new racking, a new HVAC system, an upgraded façade and a new office build-out. The building is located within the Cherry Hill Business Park, which consists of 31 buildings and 1.9 million square feet. The Camden County industrial market, consisting of approximately 27 million square feet, and the Southern New Jersey industrial market, consisting of approximately 85 million square feet, boast equally strong occupancy rates of 97% and 94% respectively.

GTJ Reit Inc. Declares Dividend for the Second Quarter Ending June 30, 2016, Payable on or About July 15, 2016

GTJ Reit Inc. Board declared a quarterly cash dividend of $0.09 per share of common stock, with respect to the second quarter ending June 30, 2016 to common stockholders of record as of the close of business on June 30, 2016, payable on or about July 15, 2016.

GTJ Reit Inc. Presents at REITWeek Investor Forum, Jun-07-2016

GTJ Reit Inc. Presents at REITWeek Investor Forum, Jun-07-2016 . Venue: The Waldorf Astoria, New York, New York, United States.

Similar Private Companies By Industry

Company Name Region
American Realty Capital Healthcare Trust III, Inc. United States
Arden Realty LP United States
Camden Summit Partnership, L.P. United States
FSP Innsbrook Corp. United States
HCRI Tucson Properties, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 1, 2017
Industrial Building In Cherry Hill, NJ
Buyback
January 24, 2017
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