BRT Apartments Corp. Acquires Second Property in North Carolina
BRT Apartments Corp. (MD) (BRT)
Last brt apartments corp. (md) earnings: 11/6 04:05 pm
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US:NYSE Investor Relations:
brtapartments.com/investor_relations
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Source: GlobeNewswire
GREAT NECK, N.Y., Feb. 24, 2020 (GLOBE NEWSWIRE) -- BRT Apartments Corp. (NYSE:BRT) announced that an entity in which it has a 80% equity interest acquired Abbotts Run Apartments, a 264-unit multi-family property located in Wilmington, North Carolina, for $38.0 million, including $23.2 million of mortgage debt assumed in the acquisition. The mortgage debt matures in 2030, carries an interest rate of 4.71%, is interest only until 2025 and amortizes on a 30-year amortization schedule thereafter. The Company received favorable pricing on the property to offset the above-market rate on the assumed debt. BRT contributed $13.7 million of equity in connection with the acquisition and anticipated improvements to the property. This is the second property BRT has acquired in North Carolina. Abbotts Run Apartments is well located in Wilmington, North Carolina, near the University of North Carolina, Wilmington International Airport and Wilmington’s main retail area. Major employers nearby
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BRT
News
- BRT Apartments Corp. Files Third Quarter 2024 Financial StatementsGlobeNewswire
- What To Expect From BRT Apartments Corp (BRT) Q3 2024 Earnings [Yahoo! Finance]Yahoo! Finance
- BRT Apartments Corp. Announces Filing Date for Third Quarter 2024 Earnings ResultsGlobeNewswire
- Implied Volatility Surging for BRT Apartments (BRT) Stock Options [Yahoo! Finance]Yahoo! Finance
- Rainbow Realty Group Acquires $2.3 Million Industrial Building In New Jersey [Financial Post (Toronto, Ontario, Canada)]Financial Post
BRT
Earnings
- 11/7/24 - Miss
BRT
Sec Filings
- 11/18/24 - Form 4
- 11/13/24 - Form 4
- 11/12/24 - Form 144
- BRT's page on the SEC website