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BRT Apartments to sell $30M of common shares under amended ATM program

BRT Apartments Corp. is now looking to sell $30 million of its common shares under its at-the-market offering program, up from its initial target of $20 million.

The multifamily real estate investment trust said it signed separate amendment agreements with Compass Point Research and Trading LLC, B. Riley FBR Inc. and BTIG LLC.

Since the start of the program through May 17, BRT Apartments has sold about $3.1 million of shares, and after giving effect to the amendment, it can sell up to an additional $26.9 million of shares, as of May 17.