{"url_path":"/sec/frevs/8-k/2026-07-09/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 Entry into a Material Definitive Agreement.**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-09","source_url":"https://www.sec.gov/Archives/edgar/data/36840/0002077096-26-000217-index.html","accession_number":"0002077096-26-000217","cik":"0000036840","ticker":"FREVS","issuer_name":"FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC.","edgar_url":"https://www.sec.gov/Archives/edgar/data/36840/0002077096-26-000217-index.html","primary_entity_key":"0000036840","primary_entity_name":"FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC."},"word_count":112,"has_tables":true,"body_markdown":"** **\n\n**Item 1.01 Entry into a Material Definitive Agreement.**\n\n \n\nFirst Real Estate Investment Trust of New Jersey,\nInc. (“FREIT”) previously reported that on April 8, 2026 it entered into a Purchase and Sale Agreement (the “Purchase\nand Sale Agreement”) with an affiliate of Regency Centers Corporation for the sale of 100% of its ownership interests in the Franklin\nCrossing shopping center located in Franklin Lakes, New Jersey, in exchange for a purchase price of $27,000,000. On July 8, 2026, the\nsale of the Franklin Crossing shopping center pursuant to the Purchase and Sale Agreement was consummated, resulting in net proceeds to\nFREIT of approximately $25,400,000, along with a net gain of approximately $19,500,000."}