January 8, 2018 / 5:41 PM / a year ago

BRIEF-BRT Apartments Agrees To Sell Property For More Than $97 Million

Jan 8 (Reuters) - Brt Apartments Corp:

* PRESS RELEASE - BRT APARTMENTS CORP. AGREES TO SELL MULTI-FAMILY PROPERTY FOR MORE THAN $97 MILLION

* BRT APARTMENTS - ENTERED INTO A CONTRACT TO SELL FOUNTAINS APARTMENTS, A 542 UNIT PROPERTY LOCATED IN PALM BEACH GARDENS, FLORIDA, FOR ABOUT $97.3 MILLION

* BRT APARTMENTS CORP - ‍ESTIMATES THAT SHARE OF GAIN ON PROPERTY SALE, NET OF ITS SHARE OF MORTGAGE PREPAYMENT CHARGES, WILL BE ABOUT $20.5 MILLION ​

* BRT APARTMENTS - ‍ANTICIPATE IN SHORT-TERM, CO TO RECYCLE PROCEEDS FROM SALE INTO ACQUISITION OPPORTUNITIES​ Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below