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Stock impact report

BRT Apartments Corp. Completes Sale of The Fountains Apartments for a $21.3 Million Gain, Net of Non-Controlling Interests of $20.5 Million; Purchases The Avenue Apartments, located in a s...

BRT Apartments Corp. (MD) (BRT) 
Last brt apartments corp. (md) earnings: 11/6 04:05 pm Check Earnings Report
US:NYSE Investor Relations: brtapartments.com/investor_relations
Company Research Source: GlobeNewswire
GREAT NECK, N.Y., Feb. 08, 2018 (GLOBE NEWSWIRE) -- BRT Apartments Corp. (NYSE:BRT) today announced the completion of the sale of The Fountains Apartments, Palm Beach Gardens, Florida and the redeployment of a portion of the sales proceeds into the purchase of The Avenue Apartments, a 522-unit value-add property located in Ocoee, a suburb of Orlando, Florida.   The company anticipates the investment of the remainder of the sales proceeds by the end of February. Jeffrey A. Gould, Chief Executive Officer of BRT Apartments commented, “We are pleased with our recent transaction activity as it demonstrates our ability to recycle capital efficiently into our target markets.  These transactions were facilitated by leveraging our existing relationships and engaging with partners with whom BRT has a proven track record." "The Avenue Apartments is an excellent addition to our portfolio: the property is located in a metro area that features diverse economic drivers and strong job and populati Show less Read more
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