BRT Realty Trust sells Georgia property

• The 450-unit multi-family property in Kennesaw sold for $64M, and NYSE:BRT expects to book its $6.7M share of the gain in Q1.
• The operations and sale generated an IRR of 27%, says CEO Jeffrey Gould.
• Source: Press Release
• Previously: BRT Realty Trust green-lighted for $5M in buybacks (March 14)
• Previously: BRT Realty sells Tennessee apartment complex (March 8)