BRT Announces Mezzanine loan and Joint Venture.

Great Neck, New York, June 11, 2001 -- BRT Realty Trust (NYSE:BRT)announced that it made a $2.95 million mezzanine loan on a 248 unit garden apartment complex in Atlanta, Georgia. As part of the transaction, a subsidiary of BRT also purchased a 50% equity interest in the borrower.

Commenting on the loan, Jeffrey A. Gould, President and Chief Operating Officer of BRT, noted that the loan continues BRT's desire to lend on quality income-producing properties and where appropriate to participate in the equity portion of a transaction as well.  BRT's principal business activity is originating and holding for its own account short-term mortgage loans.


Contact:    Mark H. Lundy
Vice President
516.466.3100

BRT is a New York-based Real Estate Investment Trust that specializes in the origination and holding for investment of senior and junior commercial mortgage loans secured by real property in the United States. For more information on BRT, please visit ourHome Page.

Caution Concerning Forward-Looking Statements: Materials included in this filing may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results to be materially different from historical results or from any future results expressed or implied by such forward-looking statements. Statements that include the words "may," "will," "would," "could," "should," "believes," "estimates," "projects," "potential," "expects," "plans," "anticipates," "intends," "continues," "forecast," "designed," "goal," or the negative of those words or other comparable words should be considered uncertain and forward-looking.

Contact: Simeon Brinberg, Senior Vice President - (516) 466-3100

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