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BRT closes deal.


BRT BRT Bus Rapid Transit
BRT Business Roundtable
BRT Brightness
BRT Be Right There (chat)
BRT Bruttoregistertonnen (German: Gross Register Tons)
BRT Biratnagar (Nepal) 
 Realty realty n. a short form of "real estate." (See: real estate)


REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property.
 Trust closed a $2,750,000 first mortgage loan for the acquisition and planned tenant improvements of a vacant medical office complex in St. Petersburg Petersburg, city (1990 pop. 38,386), politically independent and in no county, SE Va., on the Appomattox River; inc. 1850. A port of entry and an important tobacco market, it has industries producing chemicals, pharmaceuticals, furniture, structural steel, lumber, , FL.

The property consists of two buildings, a 34,000 sf medical office and 57,000 sf warehouse. The loan has a one-year adj. 1. completing its life cycle within a year.

Adj. 1. one-year - completing its life cycle within a year; "a border of annual flowering plants"
annual

phytology, botany - the branch of biology that studies plants
 term.

Jeffrey Gould, president/CEO of BRT Realty Trust, said the buildings were bought from a bank that had foreclosed on the property. The borrower entered into a time sensitive contract to buy the property and BRT was able to rapidly analyze, approve and close the loan.
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Article Details
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Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Feb 25, 2004
Words:97
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