BRT Realty Trust - BRT- Profile

BRT Realty Trust. The Group's principal activity is to generate income by originating and holding senior and junior commercial real estate mortgage loans for investment. The Group also originates second mortgage loans secured by income producing real property. The loans usually have a term ranging from six months to three years, offered to those who require short-term funds to acquire property. The activities are mainly concentrated in the New York metropolitan area, New Jersey, Connecticut and Florida. The Group has qualified as a real estate investment trust under Sections 856-860 of the Internal Revenue Code. An investment trust that originates and holds investments in real estate mortgage loans secured by income producing property