One Liberty Properties, Inc. Announces Public Offering of 2.7M Shares

One Liberty Properties, Inc.

today announced that it is offering 2,700,000 shares of its common stock in an underwritten public offering. The underwriter will have a 30-day option from the date of the offering to purchase up to an additional 405,000 shares from One Liberty. One Liberty intends to use the net proceeds from this offering to repay indebtedness and for general corporate purposes, including to fund the future acquisition of properties.