One Liberty Properties Acquires a Midwest Industrial Property for $19.1 Million

GREAT NECK, NY--(Marketwired - Sep 30, 2015) - One Liberty Properties, Inc. (NYSE: OLP) announced that it purchased a 339,000 square foot industrial property for approximately $19.1 million, including $12.4 million of mortgage debt obtained simultaneously with the acquisition. The property, located in St. Louis, Missouri, is net leased by two tenants, one through 2022 and the other through 2024. The mortgage debt matures in 2024 and has an annual interest rate of 3.85%. Year to date, One Liberty has completed $95.4 million of acquisitions.

"The addition of this industrial facility furthers our strategy of enhancing our portfolio with accretive additions. The facility is situated in a great location that provides us with the opportunity to generate attractive returns over time," stated Patrick J. Callan, Jr., President and Chief Executive Officer of One Liberty.

Forward Looking Statement:

Certain information contained in this press release, together with other statements and information publicly disseminated by One Liberty Properties, Inc. is forward looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. We intend such forward looking statements to be covered by the safe harbor provision for forward looking statements contained in the Private Securities Litigation Reform Act of 1995 and include this statement for the purpose of complying with these safe harbor provisions. Information regarding certain important factors that could cause actual outcomes or other events to differ materially from any such forward looking statements appear in the Company's Annual Report on Form 10-K for the year ended December 31, 2014 and in particular "Item 1A. Risk Factors" included therein. You should not rely on forward looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could materially affect actual results, performance or achievements.

About One Liberty Properties:

One Liberty is a self-administered and self-managed real estate investment trust incorporated in Maryland in 1982. The primary business of the Company is to acquire, own and manage a geographically diversified portfolio of retail, industrial, flex, health and fitness and other properties under long term leases. Most of the Company's leases are "net leases", under which the tenant is responsible for real estate taxes, insurance and ordinary maintenance and repairs.