BRT Apartments agrees to buy Waterford on Piedmont in Atlanta for $35 million

BRT Apartments agreed on July 8, 2026, to acquire The Waterford on Piedmont, a 153-unit Midtown Atlanta high-rise, for approximately $35 million. The transaction involves a $22 million mortgage and $14 million from refinancings, with closing targeted for Q3 2026. The property reported $3.49 million in revenue and $1.64 million in operating expenses for the year ended May 31, 2026.

BRT Apartments entered an agreement on July 8, 2026 to buy The Waterford on Piedmont, a 153-unit high-rise in Midtown Atlanta, for about $35 million. * Financing plan includes an about $22 million mortgage; remaining about $14 million from refinancings of appreciated properties. * Closing targeted for the quarter ending Sept. 30, 2026, subject to due diligence and customary conditions. * Seller-reported results: revenue $3.49 million, real estate operating expenses $1.64 million for the 12 months ended May 31, 2026. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BRT Apartments Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000014846-26-000031), on July 08, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here

BRT Apartments entered an agreement on July 8, 2026 to buy The Waterford on Piedmont, a 153-unit high-rise in Midtown Atlanta, for about $35 million. * Financing plan includes an about $22 million mortgage; remaining about $14 million from refinancings of appreciated properties. * Closing targeted for the quarter ending Sept. 30, 2026, subject to due diligence and customary conditions. * Seller-reported results: revenue $3.49 million, real estate operating expenses $1.64 million for the 12 months ended May 31, 2026. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BRT Apartments Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000014846-26-000031), on July 08, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here