UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 18, 2011
BRT REALTY TRUST
(Exact name of Registrant as specified in charter)
| Massachusetts |
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001-07172 |
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13-2755856 |
| (State or other jurisdiction of incorporation) |
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(Commission file No.) |
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(IRS Employer I.D. No.) |
| 60 Cutter Mill Road, Suite 303, Great Neck, New York |
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11021 |
| (Address of principal executive offices) |
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(Zip code) |
Registrant's telephone number, including area code: 516-466-3100
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement.
The information set forth under Item 2.01 is incorporated herein by this reference.
Item 2.01 Completion of Acquisition or Disposition of Assets.
On or about March 18, 2011, we completed a transaction pursuant to which we sold to 62 Wooster LLC, a Florida limited liability company, all of our interests in a mortgage note, the related loan documents and the other related rights, for $25.5 million. The loan was non-performing and was secured by a vacant loft building with retail in the borough of Manhattan, City of New York.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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BRT REALTY TRUST
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Date: March 21, 2011
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By:
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/s/ David W. Kalish |
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David W. Kalish, |
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Senior Vice President |
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