---
schema_version: "secwatch.filing_event.v1"
accession: "0000014846-23-000019"
form_type: "8-K"
ticker: "BRT"
cik: "0000014846"
company_name: "BRT Apartments Corp."
filed_at: "2023-05-15T23:59:59+00:00"
generated_at: "2026-06-15T01:00:56.770686+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000014846-23-000019
- form_type: 8-K
- ticker: BRT
- cik: 0000014846
- company_name: BRT Apartments Corp.
- filed_at: 2023-05-15T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/14846/000001484623000019/0000014846-23-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/14846/000001484623000019/brt-20230512.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000014846-23-000019
- JSON: https://secwatch.observer/filing/0000014846-23-000019.json
- Plain text: https://secwatch.observer/filing/0000014846-23-000019.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.