BRT Apartments Corp. Completes Sale of The Apartments at Venue
BRT Apartments Corp. (MD) (BRT)
Last brt apartments corp. (md) earnings: 11/6 04:05 pm
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US:NYSE Investor Relations:
brtapartments.com/investor_relations
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Source: GlobeNewswire
GREAT NECK, N.Y., March 01, 2018 (GLOBE NEWSWIRE) -- BRT Apartments Corp. (NYSE:BRT) today announced the sale of The Apartments at Venue, located in Valley, Alabama, in which the Company held a 61% joint venture equity interest. This 618-unit property was sold for a gross sales price of $51.0 million and a gain of approximately $9.8 million. BRT’s share of this gain, after giving effect to non-controlling interests of approximately $5.3 million, will be approximately $4.5 million, and will be recognized in the 2nd quarter of fiscal 2018. The Company anticipates recycling a portion of sales proceeds into a new acquisition in the coming months. Jeffrey A. Gould, Chief Executive Officer and President of BRT stated, “We were pleased to generate an IRR of approximately 15.7% on our interest in The Apartments at Venue and anticipate recycling a portion the proceeds into accretive acquisitions in the near future, if appropriate.” Forward Looking Statements: Certain information contai
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BRT
Earnings
- 8/7/23 - Miss
BRT
Sec Filings
- 4/22/24 - Form 4
- 4/22/24 - Form 4
- 4/22/24 - Form 4
- BRT's page on the SEC website