OFA Group Receives Nasdaq Notification for Minimum Bid Price Deficiency: 180-Day Compliance Period Begins

BRT Apartments Corp. completed debt refinancings, replacing three maturing mortgages worth $42.7 million with new debt of approximately $71.9 million. The new debt has a weighted average remaining term of nine years and an interest rate of 4.95%. The company used $17.5 million of the proceeds to pay off an outstanding credit facility balance. BRT is well-positioned to pursue investment opportunities in its core Sunbelt markets.