BRT Apartments Corp. - 8-K Filing
BRT Apartments Corp. agreed to acquire Ranch Lake Apartments, a 336-unit multifamily property in Bradenton, Florida, for approximately $80 million on June 2, 2026. The transaction includes assuming an $45.7 million HUD-insured mortgage with a 2.91% interest rate maturing in 2056 and is expected to close between Q4 2026 and Q1 2027. For the three months ended April 30, 2026, the property reported revenues of $1.8 million and real estate operating expenses of $765 thousand. (Items: 8.01 Other EventsOn June 2, 2026, we entered into an agreement to acquire Ranch Lake Apartments, a 336-unit multifamily property (the “Property”), 9.01 Financial Statements and Exhibits)
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