BRT Apartments Corp

NYSE:BRT   3:59:50 PM EDT
18.00
+0.24 (+1.35%)
Divestitures / Spin-offs, Other Pre-Announcement

BRT Apartments To Sell Two Multi-Family Properties

Published: 06/28/2021 21:05 GMT
BRT Apartments Corp (BRT) - Press Release - Brt Apartments Corp.
Agrees to Sell Two Multi-family Properties and Will Recognize Embedded Gains in the Portfolio.
Brt Apartments Corp - Entered Into Contracts to Sell Two Multi-family Properties, Both of Which Are Owned by Unconsolidated Jv for About $226 Million.
Brt Apartments Corp - Expects to Recognize Its Share of Gain, Net of Any Prepayment Penalty, of Between $28 Million and $30 Million From Sale of Properties.