Rainbow Realty Group Acquires $2.3 Million Industrial Building In New Jersey [Financial Post (Toronto, Ontario, Canada)]
BRT Apartments Corp. (MD) (BRT)
Last brt apartments corp. (md) earnings: 11/6 04:05 pm
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Source: Financial Post
NEW YORK, Sept. 19, 2024 (GLOBE NEWSWIRE) — Rainbow Realty Group IV, LLC and Rainbow Realty Group II, LLC (collectively, “Rainbow”), announced the acquisition of a 9,800-square-foot industrial building in Ewing, New Jersey via sale-leaseback (the “Property”). The Property was acquired all cash on September 17 th , 2024. Rainbow's total consideration for the property purchase, reserves and tenant improvements was up to $2,300,000. The first year's rent on the 15-year lease represents an unlevered 14% cap rate to Rainbow. The absolute triple-net lease has 3% annual rent bumps. In the future Rainbow may seek leverage against the Property, to further enhance its unlevered returns. The Tenant at the Property is a licensed cannabis cultivator in the state of New Jersey who has been occupying the Property since 2019. The Tenant has invested more than $1,000,000 into retrofitting the Property with high-tech cannabis cultivation equipment, including a brand-new power upgrade. Due to con
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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
- BRT Apartments Corp. (NYSE: BRT) had its price target raised by analysts at B. Riley from $20.50 to $21.00. They now have a "buy" rating on the stock.MarketBeat
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