One Liberty Properties is a self-administered and self-managed real estate investment trust, which acquires, owns and manages a portfolio of retail (including furniture and office supply stores), industrial, office, flex, health and fitness and other properties, a substantial portion of which are under long-term leases. As of Dec 31 2011, Co. owned 89 properties, one of which is vacant, and one of which is a 50% tenancy in common interest, and participated in five unconsolidated joint ventures that own five properties. Co.'s properties and the properties owned by its joint ventures are located in 29 states.
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