BRT Apartments (US:BRT) Globenewswire·2025-12-17 21:15Core Insights - BRT Apartments Corp. has successfully refinanced three maturing mortgages totaling $42.7 million, transitioning to new mortgage debt of approximately $71.9 million with a higher weighted average interest rate of 4.95% [2] Group 1: Refinancing Details - The refinanced mortgages had a weighted average interest rate of 4.36% and a remaining term to maturity of approximately nine years [2] - The company utilized $17.5 million from the refinancing proceeds to pay off the outstanding balance of its credit facility [2] Group 2: Strategic Positioning - Following the refinancing, the company is positioned to pursue future investment opportunities in its core Sunbelt markets, focusing on value-enhancing opportunities to drive long-term shareholder value [3] Group 3: Company Overview - BRT is a real estate investment trust that owns and operates multi-family properties, with interests in 31 properties comprising 8,311 units across 11 states, along with preferred equity investments in two additional properties [4]