BRT Realty Trust Acquires Multi-Family Property for $35 Million
(firmenpresse) - GREAT NECK, NY -- (Marketwired) -- 03/07/16 -- BRT REALTY TRUST (NYSE: BRT) today announced that on February 29, 2016, acquired through a joint venture in which it has a 60% interest, a 392 unit multi-family property located in Southaven, Mississippi for $35 million, inclusive of $28 million of mortgage debt obtained in connection with the acquisition. The mortgage matures in 2026, is interest only until 2021, and bears an interest rate of 4.24%.
BRT is a real estate investment trust that either directly, or through joint ventures, owns and operates multi-family properties and other real estate assets. Additional financial and descriptive information on BRT, its operations and its portfolio, is available at BRT''s website at: . Interested parties are encouraged to review the Form 10-K for the year ended September 30, 2015 and the Quarterly Reports on Form 10-Q filed thereafter with the Securities and Exchange Commission for additional information.
Contact:
Investor Relations
60 Cutter Mill Road
Suite 303
Great Neck, New York 11021
Telephone (516) 466-3100
Telecopier (516) 466-3132
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Datum: 07.03.2016 - 15:15 Uhr
Sprache: Deutsch
News-ID 1420085
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Commercial & Investment Banking
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