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BRT Apartments Joins Growing Trend of Buying Out Joint Venture Partners

REIT Is Spending More Than $100 Million To Take Full Control of 11 Properties
BRT Properties, which owns many apartment complexes in joint ventures, including the 288-unit Verandas at Alamo Ranch in San Antonio, is now looking to buy out those partners. (Blake Bowden/CoStar)
BRT Properties, which owns many apartment complexes in joint ventures, including the 288-unit Verandas at Alamo Ranch in San Antonio, is now looking to buy out those partners. (Blake Bowden/CoStar)
CoStar News
April 15, 2022 | 3:40 P.M.

With apartment prices skyrocketing, BRT Apartments has turned to buying out its joint venture partners as a way to grow the value of its holdings. In doing so, BRT becomes one of the latest companies to join an emerging trend across the hottest U.S. property sectors.

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