Purchase and Sale Agreement for Franklin Crossing Shopping Center

First Real Estate Investment Trust of New Jersey, Inc. (the "Seller") has entered into a Purchase and Sale Agreement with an affiliate of Regency Centers Corporation (the "Purchaser") for the sale of 100% of the Seller's ownership interests in the Franklin Crossing shopping center located in Franklin Lakes, New Jersey. The purchase price is $27,000,000, subject to the terms and conditions of the agreement. The Purchaser has made an initial deposit of $1,000,000, which is refundable during a 30-day due diligence period. An additional $1,000,000 deposit will be made if the Purchaser proceeds after this period. The agreement includes customary representations, warranties, and indemnity provisions. The transaction is subject to certain conditions, including closing by August 15, 2026, and is expected to close in the third fiscal quarter of 2026. There is no financing contingency. The Board of Directors of the Trust has unanimously approved the agreement.