Brt apartments corp. agrees to sell two multi-family properties and will recognize embedded gains in the portfolio

Great neck, n.y., june 28, 2021 (globe newswire) -- brt apartments corp. (nyse:brt) today announced that it entered into contracts to sell two multi-family properties, both of which are owned by an unconsolidated joint venture for approximately $226 million and expects to recognize its share of the gain, net of any prepayment penalty, of between $28 million and $30 million from the sale of these properties.
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