Unassociated Document
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) September 30,
2008
BRT
REALTY TRUST
(Exact
name of Registrant as specified in charter)
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Massachusetts
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001-07172
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13-2755856
|
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(State
or other jurisdiction of incorporation)
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(Commission
file No.)
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(IRS
Employer I.D. No.)
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60
Cutter Mill Road, Suite 303, Great Neck, New York
11021
(Address
of principal executive offices) (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
2.01. Completion
of Acquisition or Disposition of Assets.
On
September 30, 2008, TRB Chattanooga LLC, a wholly-owned subsidiary of BRT Realty
Trust, consummated the sale of a residential apartment complex in Chattanooga,
Tennessee to Brookside Properties, Inc., a Tennessee corporation, for a purchase
price of $24.5 million, which was paid in cash at the closing. The sale was
effectuated pursuant to a purchase and sale agreement, dated as of July 17,
2008, as amended, previously entered into and reported by the registrant on
Form
8-K.
Reference
is made to registrant’s Current Reports on Form 8-K filed on July 21, 2008 and
August 7, 2008.
Item
9.01. Financial
Statements and Exhibits.
(a) Financial
Statements of Businesses Acquired. Not applicable.
(b) Pro
Forma
Financial Information. Not applicable.
(c) Shell
Company Transactions. Not applicable.
(d) Exhibits.
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99.1
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Press
release dated October 1, 2008.
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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:
October 2, 2008 |
By: |
/s/ Simeon
Brinberg |
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Simeon
Brinberg |
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Senior
Vice President |