Brief: BRT Apartments To Sell Two Multi-Family Properties

BRT Apartments

28/06/2021 21:56

June 28 (Reuters) - BRT Apartments Corp  BRT.N :
    * 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

Source text for Eikon:  ID:nGNX2l83DZ 
Further company coverage:  BRT.N 

 ((Reuters.Briefs@thomsonreuters.com;))