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BRT Apartments sells Indianapolis property for $36.5M

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BRT Apartments sells Indianapolis property for $36.5M

BRT Apartments Corp. sold the Waterside at Castleton property in Indianapolis, in which it held an 80% joint venture equity interest, for an aggregate gross sales price of $36.5 million.

The company recorded a net gain of nearly $8.8 million after allocations to the noncontrolling interest.

BRT had owned the property for almost six years.