BRT Apartments sells SC property for $32.4M; expects $11.4M gain, 20% IRR

BRT Apartments Corp.

Sold Waters Edge (204 units) in Columbia, SC for ~$32.4M; BRT held 80% equity interest.
BRT received net proceeds of ~$13.3M; estimates $11.4M gain and $385K mortgage prepayment charge.
BRT generated ~20% IRR over six-year hold period.
Property contributed $66K equity loss in 2021.
Proceeds used to pay down credit facility debt; CEO cites additional capital flexibility.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.