M&A
confidence high
sentiment positive
materiality 0.65
BRT Apartments agrees to acquire 153-unit Atlanta multifamily property for $35M
BRT Apartments Corp.
- Purchase price ~$35M for The Waterford on Piedmont, a 153-unit high-rise in Atlanta's Midtown submarket.
- Expected to fund with ~$22M mortgage and ~$14M from refinancings of appreciated properties.
- Property generated $3.487M revenue and $1.635M operating expenses for twelve months ended May 31, 2026.
- Closing expected in Q3 2026, subject to due diligence and customary conditions.