f8k071014_oneliberty.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 10, 2014
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ONE LIBERTY PROPERTIES, INC.
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(Exact name of Registrant as specified in charter)
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Maryland
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001-09279
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13-3147497
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(State or other jurisdiction of incorporation)
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(Commission file No.)
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(IRS Employer I.D. No.)
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60 Cutter Mill Road, Suite 303, Great Neck, New York
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11021
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(Address of principal executive offices)
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(Zip code)
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Registrant's telephone number, including area code: 516-466-3100
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
During the six months ended June 30, 2014, we purchased six properties for an aggregate purchase price of $32.86 million. Funding for these purchases was provided by available cash and approximately $27.5 million in gross aggregate borrowings from our credit facility. We generally anticipate repaying a portion of the amounts borrowed with mortgage financing on most of these properties. The aggregate monthly base rent for these six properties in the twelve months commencing as of the applicable acquisition is approximately $223,000.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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ONE LIBERTY PROPERTIES, INC.
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Date: July 10, 2014
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By:
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/s/ David W. Kalish |
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David W. Kalish,
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Senior Vice President and Chief
Financial Officer
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