BRT REALTY TRUST (NYSE: BRT) today announced that from late May through early June 2016, it sold two multi-family properties with an aggregate of 451 units for an aggregate of $37.3 million, and acquired a multi-family property for $17.0 million, including $12.9 million of mortgage debt.

On May 31, 2016, BRT, through a joint venture in which it has an 80% interest, acquired a 204 unit multi-family property located in Columbia, SC for $17.0 million, inclusive of $12.9 million of mortgage debt obtained in connection with the acquisition. The mortgage matures in 2026, bears an annual interest rate of 4.28% and is interest only until 2019.

On June 1, 2016, BRT sold a 324 unit multi-family property located in Colliersville, TN for $34.3 million. BRT estimates that it will, in the third quarter of fiscal 2016, recognize a $4.5 million gain on the sale and the non-controlling interest's share of such gain will be approximately $900,000.

On June 6, 2016, BRT sold its interest in a 127 unit multi-family property located in Little Rock, AK for $3.0 million. BRT estimates that it will, in the third quarter of fiscal 2016, recognize an approximate $400,000 gain on the transaction.

About BRT Realty Trust:

BRT is a real estate investment trust that either directly, or through joint ventures, owns, operates, and develops multi-family properties and owns and operates other real estate assets. Additional financial and descriptive information on BRT, its operations and its portfolio, is available at BRT's website at: www.BRTRealty.com. Interested parties are encouraged to review the Form 10-K for the year ended September 30, 2015 filed with the Securities and Exchange Commission for additional information.