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BRT Apartments makes $7.4M in ATM equity sales

BRT Apartments Corp. sold 558,777 common shares from July 1 through Aug. 2 under its at-the-market equity sales program for about $7.4 million in net proceeds.

The multifamily real estate investment trust also said in its latest earnings release that in July, it paid about $4.5 million to buy a 20% equity interest in Kilburn Crossing in Fredericksburg, Va., that was previously owned by a joint venture partner.