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 existing multifamily properties, and to a limited extent gound up development of multifamily apartments
Our multi-family property activities commenced in 2012 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 33 multifamily properties with 9,479 units in twelve states. Our total equity investment in these properties is approximately $191 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 have discontinued.