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BRT Realty sells multifamily property for $38.5M

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BRT Realty sells multifamily property for $38.5M

BRT Realty Trustoff-loaded a 300-unit multifamily property in Pooler, Ga., for $38.5 million.

BRT said April 6 that it expects to recognize its about $4.1million share of the net gain on the sale in the quarter ending June 30.