MONM Monmouth Capital Corp (MM)

Monmouth Capital Corporation Announces New Acquisition FREEHOLD, N.J., Dec. 30 /PRNewswire-FirstCall/ -- On December 29, 2004 Monmouth Capital Corporation (NASDAQ:MONM) announced the acquisition of a 171,200-square-foot industrial building in Kane County, Montgomery, Illinois, at a purchase price of approximately $10,000,000. This property is net-leased to The Home Depot USA, Inc., as a lumber distribution facility, for a period of ten years through June of 2010. The building was purchased from Hunt Midwest Illinois, LLC, a Missouri limited liability company. Monmouth Capital Corporation ("MONM") is part of a family of REITs including United Mobile Homes, Inc. (AMEX:UMH), which invests in manufactured home communities, and Monmouth Real Estate Investment Corporation (NASDAQ:MNRTA), which invests in net-leased industrial properties on long- term leases to investment grade tenants. It is MONM's intention to pursue any real estate opportunities other than the specialized areas of United Mobile Homes, Inc., and Monmouth Real Estate Investment Corporation. DATASOURCE: Monmouth Capital Corporation CONTACT: Rosemarie Faccone or Susan Jordan, Monmouth Capital Corporation, +1-732-577-9996

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