BRT Apartments acquires apartment complex in Auburn for $36.5M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 21 2025
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Acquisition Details: BRT Apartments has acquired the 1322 North apartment complex in Auburn, Alabama, consisting of 214 units for $36.5 million, enhancing its portfolio which already includes The Village at Lakeside nearby.
Financial Structure: The acquisition was financed through a joint venture with an 80% equity interest from BRT, which contributed $10.7 million and borrowed $7 million from its credit facility, planning to refinance this amount by March 2026.
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Analyst Views on BRT
Wall Street analysts forecast BRT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BRT is 18.00 USD with a low forecast of 16.00 USD and a high forecast of 20.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 14.560
Low
16.00
Averages
18.00
High
20.00
Current: 14.560
Low
16.00
Averages
18.00
High
20.00
About BRT
BRT Apartments Corp. is a real estate investment trust that owns, operates, and to a lesser extent, holds interest in joint ventures that own and operate multifamily properties. The Company owns or has interests in over 31 multifamily properties with 8,311units in 11 states and has preferred equity investments in two multi-family properties. Generally, its multifamily properties are garden apartments and, to a lesser extent, mid-rise or town home style properties that provide residents with amenities, such as a clubhouse, swimming pool, laundry facilities and Internet access. In addition to its multifamily properties and preferred loan investments, the Company owns assets, and in particular, real estate assets. Its properties include Silvana Oaks Apartments, Avondale Station, Brixworth at Bridge Street, Newbridge Commons, Crossings of Bellevue, Avalon Apartments, Parkway Grande, Woodland Trails, Grove at River Place, Kilburn Crossing, The Woodland Apartments, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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