BRT Realty Trust Announces Launch of a Public Offering of Its Common Shares.

GREAT NECK, N.Y. -- BRT Realty Trust (NYSE:BRT), today announced the launch of a public offering of 2,800,000 of its common shares. The company expects to grant the underwriters in the offering an option to purchase up to 420,000 additional shares at the public offering price to cover over-allotments, if any.

Friedman Billings Ramsey is acting as the book-running manager and Stifel Nicolaus and BMO Capital Markets are acting as co-managers for the offering. A preliminary prospectus supplement relating to this offering may be obtained from Friedman Billings Ramsey, Prospectus Department, 1001 Nineteenth Street North, Arlington, VA 22209, [phone].

The Great Neck, NY-based company said that it expects that the common shares sold in the offering will be approved for listing on the New York Stock Exchange under the symbol "BRT."

A registration statement, including a preliminary prospectus supplement, relating to these securities has been filed with the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

BRT Realty Trust is a mortgage oriented real estate investment trust.