secwatch.observer — SEC 8-K summary
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Issuer:     BRT Apartments Corp. (BRT)
CIK:        0000014846
Form:       8-K
Filed at:   2022-04-12T23:59:59+00:00
Accession:  0000014846-22-000013
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BRT Apartments completes $12.8M JV buyout, agreements for $89.3M for nine more properties
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- Completed $12.8M buyout of JV interests in 2 properties (462 units); adds $56.7M mortgage debt at 4.04% avg rate.
- Agreements to buy remaining JV interests in nine properties (2,382 units) for ~$89.4M; adds $169.2M mortgage debt at 4.22% avg rate.
- Post buyouts, BRT will wholly own 21 properties (5,420 units) and have interests in 11 other properties (3,565 units).
- Funding sources: available cash, credit facility, ATM equity program, potential property sales, and $19M new mortgage.
- Nine properties contributed $1.0M equity earnings in 2021; acquisitions expected to close over next several months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/14846/000001484622000013/0000014846-22-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/14846/000001484622000013/brt-20220406.htm
  HTML page:      https://secwatch.observer/filing/0000014846-22-000013

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