BRT JV sells Dallas 494-unit property for ~$14.6M gain; proceeds fund Richmond purchase and buyback

BRT Apartments Corp.

50%-owned JV completed sale of 494-unit Dallas property; estimated share of gain $14.6M.
Net proceeds of ~$19.4M; early extinguishment debt charge of $167k.
Proceeds to partially fund $62.5M purchase of 238-unit Richmond property (assume $32M debt at 3.34% maturing 2061).
Also plan to use proceeds for $5M stock repurchase program previously announced.
The sold property contributed $753k equity in earnings in 2022.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.