Monmouth Capital Corporation Announces New Acquisition

Monmouth Capital Corporation Announces New Acquisition 


FREEHOLD, N.J., Feb. 28  /PRNewswire-FirstCall/ -- On February 28, 2005,
Monmouth Capital Corporation (NASDAQ:MONM) announced the acquisition on
February 25th of a 68,385-square-foot industrial building in Hillsborough
County, Tampa, Florida, at a purchase price of approximately $5,600,000.  The
property is net-leased to Kellogg Sales Company, a Delaware corporation, for a
period of twenty years through December 31, 2009, and was purchased from WS
Properties.  Romar Company acted as the agent for the seller.

This acquisition brings the total of industrial properties owned by Monmouth
Capital Corporation to six, with other properties located in New York, New
Jersey, Minnesota and Illinois.

Monmouth Capital Corporation ("MONM") is part of a family of REITs including
United Mobile Homes, Inc. (AMEX:UMH), which invests in manufactured home
communities, and Monmouth Real Estate Investment Corporation (NASDAQ:MNRTA),
which invests in net-leased industrial properties on long- term leases to
investment grade tenants.  MONM pursues real estate opportunities that are
outside the scope of the specialized areas of United Mobile Homes, Inc., and
Monmouth Real Estate Investment Corporation. 

DATASOURCE: Monmouth Capital Corporation



CONTACT:  Rosemarie Faccone or Susan Jordan, [phone], both of

Monmouth Capital

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