BRT Realty Trust is a REIT trading on the New York Stock Exchange (NYSE: BRT) that is focused on investing directly and through joint ventures acquiring multifamily properties.
Our multi-family property activities commenced in 2011 and involve our ownership and operation, primarily through joint ventures in which we typically have an 80% equity interest of such properties. Many of our properties are located in the southeast, but we will consider acquisition opportunities throughout the United States. We currently own 25 multifamily properties with 7,347 units in ten states. Our total equity investment in these properties is approximately $126 million.
For over thirty years, BRT and affiliated entities have been in the business of originating and holding for investment short-term commercial real estate mortgage loans, which we continue to do on a limited basis.