BRT Apartments agrees to acquire Ranch Lake Apartments in Bradenton, FL for ~$80M

BRT Apartments Corp.

Purchase price ~$80M; assumption of $45.7M HUD-insured mortgage at 2.91% maturing 2056.
Property is 336-unit multifamily in Bradenton, FL; closing expected Q4 2026 or Q1 2027.
Balance ~$38M to be funded via refinancings, property sales, or credit facility.
Seller-provided trailing twelve-month revenue $7.4M, operating expenses $3.2M (unaudited).
Company warns operating results at closing may be less favorable due to challenging local environment.

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