Real Estate Assessment Information

All other terms of this proposal are according to the merger agreement that we beforehand submitted to you in July. Specifically, this proposal allows Monmouth shareholders to continue receiving dividends by way of closing of a transaction with Starwood without any discount to the merger consideration. Further, we aren’t increasing our termination fee from $62 million, despite the higher value that this proposal presents to Monmouth shareholders and your recent determination to divert extra shareholder worth to EQC within the form of a higher termination payment. A 1% switch tax would basically mean new owners would be paying double property taxes of their first yr of possession. Decent 3brs are simply round $400k proper now, in order that’s $4k in taxes.

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