Long-operating Garden State REIT calls it a day
The retirement age for receiving full benefits from Social Security is 67 years old. The First Real Estate Investment Trust of New Jersey is just shy of that age and is ready to call it quits. The Garden State REIT announced its plan to liquidate last week, Bisnow reported. The voluntary liquidation will unfold over a period of 24 months as the company looks to sell all of its assets. “For almost seventy years, FREIT has delivered consistent and attractive returns for investors,” chief executive officer Robert Hekemian said in a statement. “We are proud of the company’s legacy and […]
This article originally appeared on The Real Deal. Click here to read the full story.
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