secwatch.observer — SEC 8-K summary
======================================

Issuer:     BRT Apartments Corp. (BRT)
CIK:        0000014846
Form:       8-K
Filed at:   2022-07-12T23:59:59+00:00
Accession:  0000014846-22-000032
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BRT completes $36.2M buyout of partner's 25% interest in two Mississippi multifamily properties (776 units)
--------------------------------------------------------------------------------

- Paid $36.2M for remaining 25% interest in Civic Center I and II, 776 units in Southaven, MS.
- Assumes $57.4M in mortgage debt (3.97% weighted avg rate, 3.9 yrs remaining term).
- Properties contributed $1.1M in equity earnings in 2021.
- CEO says deal enhances cash flow, grows wholly-owned portfolio, creates long-term value.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/14846/000001484622000032/0000014846-22-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/14846/000001484622000032/brt-20220712.htm
  HTML page:      https://secwatch.observer/filing/0000014846-22-000032

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer