Business News • MarketWire • BRT Realty Trust Announces Intention to Commence Tender Offer to Repurchase up to 2,500,000 of Its Shares of Beneficial Interest

BRT Realty Trust Announces Intention to Commence Tender Offer to Repurchase up to 2,500,000 of Its Shares of Beneficial Interest

BRT Realty Trust Announces Intention to Commence Tender Offer to Repurchase up to 2,500,000 of Its Shares of Beneficial Interest

GREAT NECK, NY--(Marketwire - September 21, 2010) - BRT REALTY TRUST (NYSE: BRT) today announced that it intends to commence a tender offer on or about September 22, 2010 for up to 2,500,000 shares of beneficial interest at a price per share of $6.30. The tender offer price represents a 22.3% premium to the $5.15 per share closing price for BRT's shares of beneficial interest on September 21, 2010.

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