Barry Oxford

- BRT Apartments Corp. acquired **Oaks at Victory**, a **150-unit** apartment complex in **Savannah, Georgia**, for **$23.0 million**.  **[14846_198174c327874f228c3b3648d68c26dc_0]** 
- The acquisition was made through a joint venture in which BRT owns an **80% equity interest**, financed by a **$15.7 million** mortgage at **2.71%** interest and **$8.0 million** borrowed from its credit facility.  **[14846_198174c327874f228c3b3648d68c26dc_0]** 
- This purchase is BRT's first in Savannah and aligns with its strategy to invest in growing markets in the Southeast.  **[14846_198174c327874f228c3b3648d68c26dc_0]** 
- As of October 6, 2025, BRT has **$17.5 million** outstanding on its **$40.0 million** credit facility, which carries a **6.63%** interest rate, and anticipates paying off this debt by December 2025.  **[14846_198174c327874f228c3b3648d68c26dc_0]**

BRT Apartments (BRT)