 HOLMDEL, N.J., Dec. 21, 2020 GLOBE NEWSWIRE -- Monmouth Real Estate Investment Corporation NYSE:MNR today confirmed receipt of an unsolicited proposal from Blackwells Capital LLC Blackwells, to acquire all of the outstanding shares of the Company for 18.00 per share in cash. The Blackwells proposal is non-binding, highly conditional and reflects a 5.9 premium to the Companys closing stock price on December 18,2020. 