 GREAT NECK, N.Y., Aug. 03, 2021 GLOBE NEWSWIRE -- BRT Apartments Corp. NYSE:BRT today announced it completed the sale of two multi-family properties owned by an unconsolidated joint venture in which BRT has a 50 interest. These properties, Parc at 980, a 586-unit property in Lawrenceville, GA and The Avenue Apartments, a 522-unit property located in Ocoee, Florida, produced an internal rate of return, or IRR, of 24.9 over the three years these properties were owned. BRT estimates that as a result of these sales, it will, in the third quarter, after giving effect to its 4.2 million share of a mortgage prepayment charge, recognize an aggregate gain of approximately 30 million of equity in earnings. 