BRT Apartments Corp. Agrees to Sell Two Multi-Family Properties and Will Recognize Embedded Gains in the Portfolio
GREAT NECK, N.Y., June 28, 2021 (GLOBE NEWSWIRE) -- BRT Apartments Corp. (NYSE:BRT) today announced that it entered into contracts to sell two multi-family properties, both of which are owned by an unconsolidated joint venture for approximately $226 million and expects to recognize its share of the gain, net of any prepayment penalty, of between $28 million and $30 million from the sale of these properties.
BRT Apartments Corp. Agrees to Sell Two Multi-Family Properties and Will Recognize Embedded Gains in the Portfolio
GREAT NECK, N.Y., June 28, 2021 (GLOBE NEWSWIRE) -- BRT Apartments Corp. (NYSE:BRT) today announced that it entered into contracts to sell two multi-family properties, both of which are owned by an unconsolidated joint venture for approximately $226 million and expects to recognize its share of the gain, net of any prepayment penalty, of between $28 million and $30 million from the sale of these properties.