First Real Estate Investment Trust of New Jersey, an equity real estate investment trust, engages in the acquisition, development, construction, and holding of real estate properties in New Jersey, Maryland, and New York. The company’s property portfolio comprises residential apartment communities and commercial properties, which consist of multi and single tenanted properties. As of October 31, 2010, its real estate holdings included 9 apartment buildings or complexes containing 1,075 rentable units; 10 retail and office properties covering approximately 1,265,000 square feet of leasable space comprising 1 tenant store and 2 separate one acre parcels subject to ground leases; and 4 parcels of undeveloped land consisting of approximately 40.37 acres. First Real Estate Investment Trust of New Jersey has elected to be taxed as a REIT. As a REIT, the company is not subject to federal income tax to the extent that it distributes at least 90% of its taxable income to its shareholders. First Real Estate Investment Trust of New Jersey was founded in 1961 and is based in Hackensack, New Jersey.
first real estate inv tr nj
505 Main Street
Hackensack, NJ 07601
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