Monmouth Capital Corporation Announces New Acquisition

Monmouth Capital Corporation Announces New Acquisition 


FREEHOLD, N.J., Dec. 30  /PRNewswire-FirstCall/ -- On December 29, 2004
Monmouth Capital Corporation (NASDAQ:MONM) announced the acquisition of a
171,200-square-foot industrial building in Kane County, Montgomery, Illinois,
at a purchase price of approximately $10,000,000.  This property is net-leased
to The Home Depot USA, Inc., as a lumber distribution facility, for a period of
ten years through June of 2010.   The building was purchased from Hunt Midwest
Illinois, LLC, a Missouri limited liability company.

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.  It is MONM's intention to pursue any real estate
opportunities other than the specialized areas of United Mobile Homes, Inc.,
and Monmouth Real Estate Investment Corporation. 

DATASOURCE: Monmouth Capital Corporation



CONTACT:  Rosemarie Faccone or Susan Jordan, Monmouth Capital

Corporation, [phone]

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