UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.   20549

FORM 8-K


CURRENT REPORT


Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934


Date of Report (Date of earliest event reported) June 17, 2009

BRT REALTY TRUST
(Exact name of Registrant as specified in charter)

Massachusetts
001-07172
13-2755856
(State or other
(Commission file No.)
(IRS Employer
jurisdiction of
  
I.D. No.)
incorporation)
    

60 Cutter Mill Road, Suite 303, Great Neck, New York    11021
 (Address of principal executive offices)                      (Zip code)

        Registrant's telephone number, including area code     516-466-3100

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨           Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨           Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨           Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨           Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 
 

Item 1.02
Termination of a Material Definitive Agreement.

On June 17, 2009, BRT Realty Trust (the “Registrant”) and a lending group consisting of Capital One Bank, VNB New York Corp., Signature Bank and Manufacturers and Traders Trust Company cancelled, on mutual consent, the Registrant’s Revolving Credit Agreement, dated as of January 9, 2006, as amended.  Upon cancellation, the Registrant repaid the $6 million outstanding under the facility, and the Registrant received a refund of $393,125, representing 85% of the fee Registrant paid to extend the term of the facility to February 1, 2010.
 
 
 
 


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
BRT REALTY TRUST
     
     
     
Date:     June 19, 2009
By:
Simeon Brinberg
 
Simeon Brinberg
 
Senior Vice President