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BRIEF-BRT Apartments Corp acquires 313 unit Class A Property in a Dallas suburb
October 3, 2017 / 8:55 PM / 17 days ago

BRIEF-BRT Apartments Corp acquires 313 unit Class A Property in a Dallas suburb

Oct 3 (Reuters) - BRT Apartments Corp

* BRT Apartments Corp. acquires 313 unit Class A property in a Dallas suburb

* BRT Apartments Corp- deal for ‍$39.0 million,​

* BRT Apartments Corp- debt is non-recourse to BRT, carries an interest rate of 4.15%, is interest only for five years and matures in 2027

* BRT Apartments Corp- deal value includes $25.4 million of mortgage debt obtained in connection with acquisition Source text for Eikon: Further company coverage:

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