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Monmouth REIT Nixes Bid From Starwood, Holds Fast With Sam Zell’s Offer

New Jersey Industrial Landlord Reaffirms Acquisition by Equity Commonwealth
Monmouth Real Estate Investment leases a number of distribution facilities to FedEx, including this one in Jacksonville, Florida. (CoStar)
Monmouth Real Estate Investment leases a number of distribution facilities to FedEx, including this one in Jacksonville, Florida. (CoStar)
CoStar News
July 23, 2021 | 7:41 P.M.

Weighing offers from two industry titans, Monmouth Real Estate Investment has rejected a bid from Starwood Capital Group, holding fast to its $3.4 billion deal to be acquired by billionaire Sam Zell’s Equity Commonwealth.

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