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) July 17,
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
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(Commission
file No.)
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(IRS
Employer
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jurisdiction
of
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I.D.
No.)
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incorporation)
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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):
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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.
TRB
Chattanooga LLC, a wholly-owned subsidiary of the registrant (“Seller”), entered
into a purchase and sale agreement, dated as of July 17, 2008, with Brookside
Properties, Inc., a Tennessee corporation (“Buyer”), pursuant to which the
Seller agreed to sell, and the Buyer agreed to purchase, a residential apartment
complex in Chattanooga, Tennessee for a purchase price of $24.5 million.
Consummation
of the transaction is conditioned upon satisfaction of specific terms and
conditions and delivery of specific documents as is customary for transactions
of this type. The contract of sale also provides the Buyer with a 15-day due
diligence period, pursuant to which Buyer may, in its sole discretion, terminate
the contract of sale during the diligence period. There can be no assurance
that
the transaction will be completed.
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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10.1 |
Purchase
and Sale Agreement, dated as of July 17, 2008, by and between TRB
Chattanooga LLC and Brookside Properties, Inc.
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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: July
21, 2008 |
By: |
/s/ Simeon
Brinberg |
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Simeon
Brinberg |
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Senior
Vice President |