Monmouth Real Estate Investment Corporation (MREIC) is a company operating as a qualified real estate investment trust (REIT). The Company�s primary business is the ownership of real estate. Its investment focus is to own net leased industrial properties which are leased primarily to investment-grade tenants on long-term leases. In addition, the Company holds a portfolio of REIT securities. As of September 30, 2013, the Company had approximately 9,586,000 square feet of property.On July 11, 2013, the Company purchased approximately 14 acres of land adjacent to its property which is leased to FedEx Ground Package System, Inc. located in Richfield, OH. On September 12, 2013, the Company purchased two newly constructed industrial buildings that are both 100% net leased to FedEx Ground Package System, Inc. In August 2014, Monmouth Real Estate Investment Corp. acquired 327,822 square foot industrial building.