BRT Realty Trust announces mezzanine loan.

Great Neck, New York, August 21, 2001 -- BRT Realty Trust (NYSE:BRT)

announced that it recently made a $12 million second mortgage loan on an apartment complex in San Francisco, California. As additional collateral, BRT also received a pledge of a 50% economic interest in the entity owning an office tower in San Francisco.

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.  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 REALTY TRUST
ANNOUNCES MORTGAGE LOAN

GREAT NECK, NEW YORK, August 21, 2001 -- BRT REALTY TRUST (NYSE:BRT) announced that it recently made a $1.5 million first mortgage loan on a "tax payer" retail strip located in the Tremont section of the Bronx, New York.  This loan closed in less than one week from application and the loan has no prepayment penalty.

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.  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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News Source : BRT Realty Trust announces mezzanine loan.