MAYS J W INC 8-K

What Happened

• MAYS J W INC (filed 8-K on 2026-04-14) announced it has engaged Newmark Group, Inc. to begin actively marketing 25 Elm Place, Brooklyn, New York (the “Property”) for sale to unaffiliated third-party buyers. Marketing is in the early stages and will continue for the foreseeable future.
• The Company will continue to lease and operate the Property while marketing. Management said it may review current tenant leases and pursue lease modifications or terminations, including possible tenant relocations to the Company’s property at 9 Bond Street, Brooklyn. Any sale would require approval by the Company’s Board of Directors.

Key Details

• Property: 25 Elm Place, Brooklyn, New York.
• Advisor: Newmark Group, Inc. engaged to market the Property.
• Status: Marketing efforts are early-stage and ongoing; no sale is certain and timing is unknown.
• Tenant actions: Management may seek lease modifications, terminations, or tenant relocations (possible move to 9 Bond Street).
• Decision process: Any sale would require Board approval; Company previously disclosed it is considering property sales to manage liquidity.

Why It Matters

• For investors, marketing 25 Elm Place signals the Company is exploring ways to improve liquidity and may generate cash if a sale occurs.
• A sale could reduce rental income from that property but provide proceeds to strengthen the balance sheet or fund other uses; conversely, continued operation maintains current cash flow.
• There is significant uncertainty: the filing cautions that market conditions, capital markets, taxes, property condition, and other risks could prevent or delay a transaction. The Company disclaims any obligation to update forward-looking statements.