BRT obtains $27.4M mortgage on GA property at 5.22% fixed, interest-only through 2031

BRT Apartments Corp.

$27.4M mortgage on Woodland Trails-LaGrange, GA property with 5.22% fixed rate, interest-only until 2031.
Proceeds to fund multi-family investments (including preferred equity) and general corporate purposes, including stock repurchases.
Proceeds initially placed in short-term US Treasury securities until deployed.

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