Exhibit 99.2
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SUPPLEMENTAL FINANCIAL
INFORMATION FOR THREE AND SIX MONTHS ENDED
 JUNE 30, 2022


August 8, 2022

60 Cutter Mill Rd., Great Neck, NY 11021













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FORWARD LOOKING STATEMENTS

The information set forth herein contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We intend such forward-looking statements to be covered by the safe harbor provision for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and include this statement for purposes of complying with these safe harbor provisions. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, are generally identifiable by use of the words "may", "will", "believe", "expect", "intend", "anticipate”, “estimate", "project", or similar expressions or variations thereof. Forward-looking statements involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could materially affect actual results, performance or achievements. Investors are cautioned not to place undue reliance on any forward-looking statements and are urged to read the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the year ended December 31, 2021 (the "Annual Report") and the other documents we file with the SEC thereafter.

We undertake no obligation to update or revise the information herein, whether as a result of new information, future events or circumstances, or otherwise.

We use pro rata (as defined under "Non-GAAP Financial Measures and Definitions") to help the reader gain a better understanding of our unconsolidated joint ventures. However, the use of pro rata information has certain limitations and is not representative of our operations and accounts as presented in accordance with GAAP. Accordingly, pro rata information should be used with caution and in conjunction with the GAAP data presented herein and in our reports filed with the SEC.




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Table of ContentsPage Number
Financial Highlights1
Operating Results2
Operating Results of Unconsolidated Properties3
Funds From Operations4-5
Consolidated Balance Sheets6
Balance Sheets of Unconsolidated Joint Venture Entities7
Portfolio Data by State8-9
Same Store Comparison - Consolidated10-11
Same Store Comparison - Unconsolidated12-13
Portfolio Data Combined14
Multi-Family Acquisitions and Dispositions

15
Contracted Dispositions16
Value-Add Information and Capital Expenditures17
Debt Analysis18
Non-GAAP Financial Measures, Definitions, and Reconciliations19-23
Portfolio Table24
    


BRT Apartments Corp. (NYSE: BRT)
Financial Highlights


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As at June 30,
20222021
Market capitalization (thousands)$401,949 $314,773 
Shares outstanding (thousands)18,704 18,153 
Closing share price$21.49 $17.34 
Quarterly dividend declared per share$0.25 $0.22 
Quarter ended June 30,
CombinedConsolidatedUnconsolidated
202220212022202120222021
Properties owned (a)30371671430
Units (a)8,40510,5623,8481,6084,5578,954
Average occupancy (a)96.1 %95.2 %96.7 %97.5 %95.6 %94.7 %
Average monthly rental revenue per occupied unit $1,252$1,129$1,316$1,147$1,216$1,125
____________________________
(a) Excludes a planned 240-unit development project
Quarter ended June 30,
Per share data2022
(Unaudited)
2021
(Unaudited)
Earnings per share, basic $1.91 $0.34 
Earnings per share, diluted$1.91 $0.34 
FFO per share of common stock (diluted) (1)$0.20 $0.29 
AFFO per share of common stock (diluted) (1)$0.37 $0.31 
As at June 30,
20222021
Debt to Enterprise Value (2)63 %64 %
(1) See the reconciliation of Funds From Operations, or FFO, and Adjusted Funds From Operations, or AFFO, to net income, as calculated in accordance with
GAAP, and the definitions of such terms under "Non-GAAP Financial Measures and Definitions."
(2) Enterprise Value is equal to debt plus market capitalization less cash and cash equivalents, including BRT's pro-rata share of cash and cash equivalents at the
unconsolidated Joint Ventures. Cash and cash equivalents excludes restricted cash. Debt is equal to 100% of the debt at the consolidated properties and BRT's
pro-rata share of debt at the unconsolidated joint ventures. See "Non-GAAP Financial Measures and Definitions" for an explanation of "pro-rata share."

1

BRT Apartments Corp. (NYSE: BRT)
Operating Results
(dollars in thousands except per share data)

_____________________________________________________________________________________________________________________
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Revenues:
Rental revenue $14,683 $6,958 $26,113 $14,053 
Other income
Total revenues14,685 6,961 26,119 14,060 
Expenses:
Real estate operating expenses 6,348 3,166 11,101 6,283 
Interest expense2,912 1,609 4,933 3,269 
General and administrative3,533 3,154 7,166 6,268 
Impairment charge— 520 — 520 
Depreciation and amortization5,010 1,416 8,616 2,953 
Total expenses17,803 9,865 31,816 19,293 
Total revenues less total expenses(3,118)(2,904)(5,697)(5,233)
Equity in earnings (loss) of unconsolidated joint ventures(50)(492)1,180 (1,837)
Equity in earnings from sale of unconsolidated joint venture properties40,098 — 53,059 — 
Gain on sale of real estate— 7,279 7,279 
Gain on sale of partnership interest— 2,244 — 2,244 
Loss on extinguishment of debt(563)— (563)— 
Net income from continuing operations36,367 6,127 47,985 2,453 
 Income tax provision724 67 798 124 
Net income from continuing operations, net of taxes35,643 6,060 47,187 2,329 
Net income attributable to non-controlling interests(36)(33)(72)(67)
Net income attributable to common stockholders$35,607 $6,027 $47,115 $2,262 
Weighted average number of shares of common stock outstanding:
Basic17,671,073 17,720,488 17,616,740 17,520,963 
Diluted17,726,343 17,720,488 17,690,601 17,520,963 
Per share amounts attributable to common stockholders:
Basic and diluted$1.91 $0.34 $2.54 $0.13 
Diluted$1.91 $0.34 $2.53 $0.13 


2

BRT Apartments Corp. (NYSE: BRT)
Operating Results of Unconsolidated Properties
(dollars in thousands, except per share data)

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Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Revenues:
Rental and other revenue$22,107 $33,005 $47,338 $65,677 
Total revenues22,107 33,005 47,338 65,677 
Expenses:
Real estate operating expenses9,842 15,233 21,011 30,936 
Interest expense4,893 8,472 10,919 16,994 
Depreciation5,208 9,791 11,844 20,176 
Total expenses19,943 33,496 43,774 68,106 
Total revenues less total expenses2,164 (491)3,564 (2,429)
Other equity earnings22 77 14 
Impairment of assets — (490)— (2,813)
Insurance recoveries — 490 — 2,813 
Gain on insurance recoveries52 — 567 — 
Gain on sale of real estate 77,681 — 101,333 — 
Loss on extinguishment of debt(2,888)— (2,918)— 
Net income (loss) income from joint ventures$77,031 $(486)$102,623 $(2,415)
BRT equity in earnings (loss) and equity in earnings from sale of unconsolidated joint venture properties$40,048 $(492)$54,239 $(1,837)


3

BRT Apartments Corp. (NYSE: BRT)
Funds from Operations
(dollars in thousands)
____________________________________________________________________________________________________________________



Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
GAAP Net income attributable to common stockholders$35,607 $6,027 $47,115 $2,262 
Add: depreciation of properties5,010 1,416 8,616 2,953 
Add: our share of depreciation in unconsolidated joint venture properties3,259 6,276 7,577 12,875 
Add: impairment charge— 520 — 520 
Add: our share of impairment charge in unconsolidated joint venture properties— 348 — 2,010 
Deduct: our share of equity in earnings from sale of unconsolidated joint venture properties(40,098)— (53,059)— 
Deduct: gain on sale of real estate and partnership interests— (9,523)(6)(9,523)
Adjust for non-controlling interests(4)(4)(8)(8)
NAREIT Funds from operations attributable to common stockholders$3,774 $5,060 $10,235 $11,089 
Adjustments for: straight-line rent accruals(10)12 (20)
Add: loss on extinguishment of debt563 — 563 — 
Add: our share of loss on extinguishment of debt from unconsolidated joint venture properties1,473 — 1,492 — 
Add: amortization of restricted stock and RSU expense1,001 569 1,975 1,107 
Add: amortization of deferred mortgage and debt costs102 73 179 153 
Add: our share of deferred mortgage costs from unconsolidated joint venture properties73 143 166 291 
Less: our share of insurance recovery from unconsolidated joint ventures— (348)— (2,010)
Less: our share of gain on insurance proceeds from unconsolidated joint venture(46)— (432)— 
Adjustments for non-controlling interests(1)(2)
Adjusted funds from operations attributable to common stockholders$6,945 $5,489 $14,188 $10,614 

4


Funds from Operations
(dollars in thousands, except per share data)
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Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
GAAP Net income (loss) attributable to common stockholders$1.91 $0.34 $2.53 $0.13 
Add: depreciation of properties0.26 0.09 0.46 0.17 
Add: our share of depreciation in unconsolidated joint venture properties0.17 0.35 0.41 0.73 
Add: Impairment charge— 0.03 — 0.03 
Add: our share of impairment charge in unconsolidated joint venture properties— 0.02 — 0.11 
Deduct: our share of equity in earnings from sale of unconsolidated joint venture properties(2.14)— (2.85)— 
Deduct: gain on sales of real estate and partnership interests— (0.54)— (0.54)
Adjustment for non-controlling interests— — — — 
NAREIT Funds from operations per diluted common share0.20 0.29 0.55 0.63 
Adjust for straight line rent accruals— — — — 
Add: loss on extinguishment of debt0.03 — 0.03 — 
Add: our share of loss on extinguishment of debt from unconsolidated joint venture properties0.08 — 0.08 — 
Add: amortization of restricted stock and RSU expense0.05 0.03 0.10 0.06 
Add: amortization of deferred mortgage and debt costs0.01 — 0.01 0.01 
Add: our share of deferred mortgage and debt costs from unconsolidated joint venture properties— 0.01 0.01 0.02 
Less: our share of insurance recovery from unconsolidated joint venture properties— (0.02)— (0.11)
Less: our share of gain on insurance proceeds from unconsolidated joint venture properties— — (0.02)— 
Adjustments for non-controlling interests— — — — 
Adjusted funds from operations per diluted common share$0.37 $0.31 $0.76 $0.61 
Diluted shares outstanding for FFO and AFFO18,661 17,320 18,616 17,521 
5

BRT Apartments Corp. (NYSE: BRT)
Consolidated Balance Sheets
(amounts in thousands, except per share amounts)

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June 30, 2022December 31, 2021
(unaudited)(audited)
ASSETS
Real estate properties, net of accumulated depreciation$447,886 $293,550 
Investment in unconsolidated joint ventures79,782 112,347 
Cash and cash equivalents57,045 32,339 
Restricted cash4,787 6,582 
Other assets15,721 10,341 
Real estate property held for sale— 4,379 
Total Assets $605,221 $459,538 
LIABILITIES AND EQUITY
Liabilities:
Mortgages payable, net of deferred costs$296,974 $199,877 
Junior subordinated notes, net of deferred costs37,113 37,103 
Accounts payable and accrued liabilities21,984 19,607 
Total Liabilities 356,071 256,587 
Commitments and contingencies
Equity:
BRT Apartments Corp. stockholders' equity:
Preferred shares $.01 par value 2,000 shares authorized, none issued— — 
Common stock, $.01 par value, 300,000 shares authorized;
17,770 and 17,349 shares outstanding
178 173 
Additional paid-in capital266,256 258,161 
Accumulated deficit(17,291)(55,378)
Total BRT Apartments Corp. stockholders’ equity249,143 202,956 
Non-controlling interests(5)
Total Equity249,150 202,951 
Total Liabilities and Equity$605,221 $459,538 

6

BRT Apartments Corp. (NYSE: BRT)
Balance Sheet of Unconsolidated Joint Venture Entities
(amounts in thousands, except per share amounts)

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At June 30, 2022, the Company held interests in unconsolidated joint ventures that own 14 multi-family properties (the "Unconsolidated Properties") including an interest in a development project. The condensed balance sheet below present information regarding such properties:
June 30, 2022
ASSETS
Real estate properties, net of accumulated depreciation$483,332 
Cash and cash equivalents11,002 
Other assets30,147 
Real estate asset held-for-sale14,989 
Total Assets$539,470 
LIABILITIES AND EQUITY
Liabilities:
Mortgages payable, net of deferred costs$387,725 
Accounts payable and accrued liabilities12,484 
Total Liabilities400,209 
Commitments and contingencies
Equity:
Total unconsolidated joint venture equity139,261 
Total Liabilities and Equity$539,470 
BRT interest in joint venture equity$79,782 
Reconciliation:
Unconsolidated Mortgages Payable:
BRT's pro-rata share
$236,810 
Partner's pro-rata share
150,915 
Total$387,725 


7

BRT Apartments Corp. (NYSE: BRT)
Portfolio Data by State
Quarter ended June 30, 2022
(dollars in thousands, except monthly rent amounts)

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Consolidated
 Units at period endRevenues Property Operating Expenses NOI (1)% of NOI ContributionWeighted Average Occupancy Weighted Average Rent per Occ. Unit
Texas600$2,112 $1,019 $1,093 13.1 %95.0 %$1,198 
Georgia6881,814 779 1,035 12.4 %97.6 %1,232
Florida5181,755 747 1,008 12.1 %96.2 %1,320
Ohio264870 370 500 6.0 %96.7 %1,012
Virginia2201,204 430 774 9.3 %98.0 %1,648
South Carolina4742,011 998 1,013 12.2 %97.5 %1,273
Tennessee7023,450 1,443 2,007 24.1 %97.1 %1,547
Alabama208267 110 157 1.9 %94.8 %934
Missouri174824 333 491 5.9 %96.2 %1,547
Legacy assets376 119 257 3.0 %N/AN/A
Totals3,848$14,683 $6,348 $8,335 100 %96.7 %$1,329 
Unconsolidated (Pro-Rata Share) (1)
Units at period endRevenuesProperty Operating ExpensesNOI (1)% of NOI ContributionWeighted Average Occupancy
 
Weighted Average Rent per Occ. Unit
 
Texas1,597$3,333 $1,642 $1,691 21.9 %95.3 %$1,297 
South Carolina9171,761 870 891 11.5 %96.2 %1,297
Georgia271869 374 495 6.4 %94.7 %1,126
Alabama7322,076 927 1,149 14.9 %96.1 %1,048
Mississippi7762,043 705 1,338 17.3 %96.6 %1,134
North Carolina264753 294 459 5.9 %95.8 %1,223
Joint venture buyouts (2)1,396 714 682 8.8 %N/AN/A
Sold properties1,720 705 1,015 13.3 %N/AN/A
Totals4,557$13,951 $6,231 $7,720 100 %95.7 %$1,220 

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(1) See the reconciliation of NOI to net income, as calculated in accordance with GAAP, and the definition of NOI and pro-rata share under "Non-GAAP Financial
Measures and Definitions."
(2) Reflects the income and expenses for the properties for the portion of the period prior to the close of the applicable partner buyout. The income and expenses
for the period subsequent to the buyouts are included in the Consolidated information in the table above.










8

BRT Apartments Corp. (NYSE: BRT)
Portfolio Data by State
Six months ended June 30, 2022
(dollars in thousands, except monthly rent amounts)

____________________________________________________________________________________________________________________
Consolidated
 Units at period endRevenues Property Operating Expenses NOI (1)% of NOI ContributionWeighted Average Occupancy Weighted Average Rent per Occ. Unit
Texas600$2,967 $1,434 $1,533 10.2%95.7%$1,139
Georgia6883,579 1,592 1,987 13.2%97.8%1,210
Florida5182,955 1,217 1,738 11.6%95.9%1,338
Ohio2641,739 708 1,031 6.9%97.0%1,010
Virginia2202,277 782 1,495 10.0%98.5%1,566
South Carolina4743,999 1,938 2,061 13.7%97.6%1,261
Tennessee7026,758 2,762 3,996 26.6%97.5%1,515
Alabama208267 110 157 1.0%94.8%934
Missouri174824 333 491 3.3%96.2%1,547
Legacy assets748 225 523 3.5%N/AN/A
Totals3,848$26,113 $11,101 $15,012 100.0%97.1%$1,311
Unconsolidated (Pro-Rata Share)(1)
Units at period endRevenuesProperty Operating ExpensesNOI (1)% of NOI ContributionAverage Occupancy Average Rent per Occ. Unit
Texas1,597$6,595$3,206 $3,389 20.2%92.8%$1,251
South Carolina9173,4801,606 1,874 11.2%96.2%1,285
Georgia2711,710735 975 5.8%94.6%1,114
Alabama7324,1071,837 2,270 13.5%96.1%1,045
Mississippi7764,0731,404 2,669 15.9%97.0%1,120
North Carolina2641,480584 896 5.3%95.9%1,207
Joint venture buyouts (2)4,9232,393 2,530 15.1%N/AN/A
Sold properties3,9181,731 2,187 13.0%N/AN/A
Totals4,557$30,286$13,496 $16,790 100%94.8%$1,196
_________________________________________________________________________________
(1) See the reconciliation of NOI to net income, as calculated in accordance with GAAP, and the definition of NOI and pro-rata share under "Non-GAAP Financial
Measures and Definitions."
(2) Reflects the income and expenses for the properties for the portion of the period prior to the close of the applicable partner buyout. The income and expenses
for the period subsequent to the buyouts are included in the Consolidated information in the table above.

9

BRT Apartments Corp. (NYSE: BRT)
Consolidated Same Store Comparisons (1)
Quarter ended June 30, 2022 and 2021
(dollars in thousands, except monthly rent amounts)
_____________________________________________________________________________________________________________________
RevenuesProperty Operating ExpensesNOI (2)
Units20222021% Change20222021% Change20222021% Change
Georgia 448$1,814 $1,679 8.0 %$779 $764 2.0 %$1,035 $915 13.1 %
Florida2761,232 1,112 10.8 %527 451 16.9 %705 661 6.7 %
Texas 192765 672 13.8 %366 347 5.5 %399 325 22.8 %
Ohio264870 803 8.3 %370 345 7.2 %500 458 9.2 %
Virginia2201,204 1,053 14.3 %430 346 24.3 %774 707 9.5 %
South Carolina208956 839 13.9 %486 426 14.1 %470 413 13.8 %
Totals1,608$6,841 $6,158 11.1 %$2,958 $2,679 10.4 %$3,883 $3,479 11.6 %
0
Weighted Average OccupancyWeighted Average Monthly Rent per Occupied Unit
20222021% Change20222021% Change
Georgia 97.6 %98.1 %(0.5)%$1,232 $1,115 10.5 %
Florida97.2 %98.2 %(1.0)%1,3551,21911.2 %
Texas 97.8 %96.4 %1.5 %1,1601,02013.7 %
Ohio96.7 %98.5 %(1.8)%1,0129318.7 %
Virginia98.0 %99.2 %(1.2)%1,6481,44014.4 %
South Carolina97.4 %97.1 %0.3 %1,3531,19413.3 %
Weighted Average97.5 %98.0 %(0.5)%$1,282 $1,147 11.8 %
_______________________________
(1) See definition of Same Store under "Non-GAAP Financial Measures and Definitions"
(2) See the reconciliation of NOI to net income, as calculated in accordance with GAAP, and the definition of NOI under "Non-GAAP Financial Measures and
Definitions."

































10

BRT Apartments Corp. (NYSE: BRT)

Consolidated Same Store Comparisons (1)
Six months ended June 30, 2022 and 2021
(dollars in thousands, except monthly rent amounts)
____________________________________________________________________________________________________________________
RevenuesProperty Operating ExpensesNOI (2)
Units20222021% Change20222021% Change20222021% Change
Georgia 448$3,579 $3,299 8.5 %$1,592 $1,489 6.9 %$1,987 $1,810 9.8 %
Florida2762,432 2,189 11.1 %997 853 16.9 %1,435 1,336 7.4 %
Texas 1921,498 1,326 13.0 %713 686 3.9 %785 640 22.7 %
Ohio2641,739 1,582 9.9 %708 666 6.3 %1,031 916 12.6 %
Virginia2202,277 2,090 8.9 %782 689 13.5 %1,495 1,401 6.7 %
South Carolina2081,911 1,653 15.6 %925 831 11.3 %986 822 20.0 %
Totals1,608$13,436 $12,139 10.7 %$5,717 $5,214 9.6 %$7,719 $6,925 11.5 %
Weighted Average OccupancyWeighted Average Monthly Rent per Occupied Unit
20222021% Change20222021% Change
Georgia 97.8 %97.4 %0.4 %$1,210 $1,109 9.1 %
Florida96.4 %98.1 %(1.7)%1,360 1,205 12.9 %
Texas 97.8 %96.1 %1.8 %1,144 1,020 12.2 %
Ohio97.0 %98.3 %(1.3)%1,010 926 9.1 %
Virginia98.5 %98.9 %(0.4)%1,566 1,428 9.7 %
South Carolina97.1 %95.6 %1.6 %1,344 1,189 13.0 %
Weighted Average97.4 %97.5 %(0.1)%$1,261 $1,139 10.7 %
_______________________________
(1) See definition of Same Store under "Non-GAAP Financial Measures and Definitions"
(2) See the reconciliation of NOI to net income, as calculated in accordance with GAAP, and the definition of NOI under "Non-GAAP Financial Measures and
Definitions."

11

BRT Apartments Corp. (NYSE: BRT)
Unconsolidated Same Store Comparisons (1)
Quarter ended June 30, 2022 and 2021
BRT Pro-rata Share
(dollars in thousands, except monthly rent amounts)
________________________________________________________________________________________
RevenuesProperty Operating ExpensesNOI (2)
Units20222021% Change20212020% Change20222021% Change
Georgia271869 814 6.8 %374 306 22.2 %495 508 (2.6)%
South Carolina 9171,761 1,557 13.1 %870 665 30.8 %891 892 (0.1)%
Texas1,597$3,332 $3,002 11.0 %$1,642 $1,483 10.7 %$1,690 $1,519 11.3 %
Mississippi7761,642 1,538 6.8 %566 570 (0.7)%1,076 968 11.2 %
Alabama 7322,076 1,975 5.1 %927 878 5.6 %1,149 1,097 4.7 %
North Carolina264753 666 13.1 %294 315 (6.7)%459 351 30.8 %
Totals4,557$10,433 $9,552 9.2 %$4,673 $4,217 10.8 %$5,760 $5,335 8.0 %
Weighted Average OccupancyWeighted Average Monthly Rent per Occupied Unit
20222021% Change20222021% Change
Texas95.3 %95.5 %(0.2)%$1,297 $1,159 11.9 %
Georgia94.1 %96.9 %(2.9)%1,377 1,261 9.2 %
South Carolina 96.2 %91.2 %5.5 %1,297 1,196 8.4 %
Mississippi96.6 %98.3 %(1.7)%1,134 1,040 9.0 %
Alabama 96.0 %96.7 %(0.7)%1,087 1,006 8.1 %
North Carolina95.8 %95.9 %(0.1)%1,223 1,072 14.1 %
Weighted Average95.8 %95.4 %0.4 %$1,235 $1,118 10.5 %
________________________________
(1) See definition of Same Store under "Non-GAAP Financial Measures and Definitions"
(2) See the reconciliation of NOI to net income, as calculated in accordance with GAAP, and the definition of NOI and pro-rata share under "Non-GAAP Financial
Measures and Definitions."





12

BRT Apartments Corp. (NYSE: BRT)
Unconsolidated Same Store Comparisons (1)
Six months ended June 30, 2022 and 2021
BRT Pro-rata Share
(dollars in thousands, except monthly rent amounts)
_______________________________________________________________________________________
RevenuesProperty Operating ExpensesNOI (2)
Units20222021% Change20222021% Change20222021% Change
Texas1,597$6,594 $5,791 13.9 %$3,206 $3,009 6.5 %$3,388 $2,782 21.8 %
Georgia2711,710 $1,615 5.9 %735 $684 7.5 %975 931 4.7 %
South Carolina 9173,479 3,093 12.5 %1,605 1,425 12.6 %1,874 1,668 12.4 %
Mississippi7763,270 3,049 7.2 %1,127 1,142 (1.3)%2,143 1,907 12.4 %
Alabama 7324,107 3,901 5.3 %1,837 1,722 6.7 %2,270 2,179 4.2 %
North Carolina2641,480 1,278 15.8 %584 628 (7.0)%896 650 37.8 %
Totals4,557$20,640 $18,727 10.2 %$9,094 $8,610 5.6 %$11,546 $10,117 14.1 %
Weighted Average OccupancyWeighted Average Monthly Rent per Occupied Unit
20222021% Change20222021% Change
Texas95.8 %93.4 %2.6 %$1,274 $1,135 12.2 %
Georgia94.1 %96.1 %(2.1)%1,363 1,252 8.9 %
South Carolina 96.2 %92.0 %4.6 %1,202 1,131 6.3 %
Mississippi97.0 %98.2 %(1.2)%1,120 1,031 8.6 %
Alabama 96.0 %97.3 %(1.3)%1,073 1,010 6.2 %
North Carolina94.7 %95.6 %(0.9)%1,330 1,168 13.9 %
Weighted Average95.9 %95.1 %0.8 %$1,211 $1,103 9.8 %
________________________________
(1) See definition of Same Store under "Non-GAAP Financial Measures and Definitions"
(2) See the reconciliation of NOI to net income, as calculated in accordance with GAAP, and the definition of NOI and pro-rata share under "Non-GAAP Financial
Measures and Definitions."



13

BRT Apartments Corp. (NYSE: BRT)
Portfolio Data Combined
(dollars in thousands, except monthly rent amounts)
________________________________________________________________________________________

Quarter Ended June 30,
Portfolio20222021Variance
RevenuesProperty Operating ExpensesNOI RevenuesProperty Operating ExpensesNOIRevenuesProperty Operating ExpensesNOI
Consolidated$14,683 $6,348 $8,335 $6,958 $3,166 $3,792 111.0 %100.5 %119.8 %
Unconsolidated (1) (2)13,9516,2317,72021,0129,76211,250(33.6)%(36.2)%(31.4)%
Combined$28,634 $12,579 $16,055 $27,970 $12,928 $15,042 2.4 %(2.7)%6.7 %
Same Store
20222021Variance
RevenuesProperty Operating ExpensesNOI RevenuesProperty Operating ExpensesNOI RevenuesProperty Operating ExpensesNOI
Consolidated$6,841 $2,958 $3,883 $6,158 $2,679 $3,479 11.1 %10.4 %11.6 %
Unconsolidated (1)10,433 4,673 5,760 9,552 4,217 5,335 9.2 %10.8 %8.0 %
Combined$17,274 $7,631 $9,643 $15,710 $6,896 $8,814 10.0 %10.7 %9.4 %
____________________________________________________
(1) Unconsolidated amounts represent BRT's pro-rata share. See definition of pro-rata under "Non-GAAP Financial Measures and Definitions."
(2) Reflects the income and expenses for the sold JV's prior to the sale.


Six months ended June 30,
Portfolio20222021Variance
RevenuesProperty Operating ExpensesNOI RevenuesProperty Operating ExpensesNOIRevenuesProperty Operating ExpensesNOI
Consolidated$26,113 $11,101 $15,012 $14,053 $6,283 $7,770 85.8 %76.7 %93.2 %
Unconsolidated (1)30,28613,49616,79041,70119,74721,954(27.4)%(31.7)%(23.5)%
Combined$56,399 $24,597 $31,802 $55,754 $26,030 $29,724 1.2 %(5.5)%7.0 %
Same Store
20222021Variance
RevenuesProperty Operating ExpensesNOI RevenuesProperty Operating ExpensesNOI RevenuesProperty Operating ExpensesNOI
Consolidated$13,436 $5,717 $7,719 $12,139 $5,214 $6,925 10.7 %9.6 %11.5 %
Unconsolidated (1) (2)20,6409,09411,54618,7278,61010,11710.2 %5.6 %14.1 %
Combined$34,076 $14,811 $19,265 $30,866 $13,824 $17,042 10.4 %7.1 %13.0 %
_____________________________________________________________
(1) Unconsolidated amounts represent BRT's pro-rata share. See definition of pro-rata under "Non-GAAP Financial Measures and Definitions.".
(2) Reflects the income and expenses for the sold JV's prior to the sale.
14

BRT Apartments Corp. (NYSE: BRT)
Acquisitions and Dispositions
(dollars in thousands)
________________________________________________________________________________________

ACQUISITIONS
Buyout of Joint Venture Interest
Property/LocationPurchase DateUnitsPurchase Price (1)Pre-Acquisition ownership % in the JVPost-Acquisition Ownership %
Verandas at Alamo - San Antonio, TX3/23/2022288$8,721 71.9 %100.0 %
Vanguard Heights - Creve Coeur, MO4/7/20221744,880 78.4 %100.0 %
Jackson Square - Tallahassee, FL5/11/20222427,215 80.0 %100.0 %
Brixworth at Bridge Street - Huntsville, AL5/24/202220810,697 80.0 %100.0 %
The Woodland Apartments - Boerne, TX5/26/20221203,881 80.0 %100.0 %
Grove at River Place - Macon, GA6/30/20222407,485 80.0 %100.0 %
1,272 $42,879 
Buyout of Joint Venture Interest - subsequent to June 30, 2022
Property/LocationPurchase DateUnitsPurchase Price (1)Pre-Acquisition ownership % in the JVPost-Acquisition Ownership %
Civic Center I - Southaven, MS7/12/2022392$18,233 74.7 %100 %
Civic Center II - Southaven, MS7/12/202238417,942 74.7 %100 %
Abbotts Run - Wilmington, NC7/14/20222649,010 80.0 %100 %
Somerset At Trussville - Birmingham, AL7/19/202232810,558 80.0 %100 %
Magnolia Pointe - Madison, AL8/3/2022204 7,246 80.0 %100 %
1,572 $62,989 
(1) The purchase price gives effect to our partner's promote interest.
Acquisition of Joint Venture Interest in Development Project
Property/LocationPurchase DatePlanned UnitsPurchase PriceAcquisition ownership % in the JV
Stono Oaks - Johns Island, SC (a)
3/10/2022240 $3,500 17.45 %
DISPOSITIONS
Disposition of Property by Unconsolidated Joint Ventures
Property/LocationSale DateNo. of UnitsInterest OwnedSales PriceBRT's share of Mortgage Prepayment chargeGain on SaleBRT's Share of Gain on Sale
Verandas at Shavano - San Antonio, TX2/8/202228865 %$53,750 $— $23,652 $12,961 
Retreat at Cinco Ranch - Katy, TX6/14/202226875 %68,300 686 30,595 17,378 
The Vive - Kannapolis, NC6/30/202231265 %91,250 787 47,086 22,720 
868 $213,300 $1,473 $101,333 $53,059 

15

BRT Apartments Corp. (NYSE: BRT)
Contracted Disposition
(dollars in thousands)

________________________________________________________________________________________
CONTRACTED SALE OF PROPERTY BY UNCONSOLIDATED JOINT VENTURES (1)
Property/LocationNo. of UnitsInterest OwnedSales PriceEstimate - BRT's share of Prepayment ChargeEstimate - Gain on SaleEstimate - BRT's Share of Gain on Sale
Waters Edge - Columbia, SC20480 %$32,400 $263 $16,848 $11,542 
(1) It is anticipated that this sale will be completed during the quarter ending September 30, 2022





16

BRT Apartments Corp. (NYSE: BRT)
Value-Add Program and Capital Expenditures
Quarter ended June 30, 2022
________________________________________________________________________________________
Value-Add Program
(Includes consolidated and unconsolidated amounts)
Units Rehabilitated (1)Estimated Rehab Costs (2)Estimated Rehab Costs Per unitEstimated Average Monthly Rent Increase (3)Estimated Annualized ROI (3)Estimated units available to be renovated over next 24 months
107$773,000 $7,224 $279 46%800
(1) Refers to rehabilitated units with respect to which a new lease or renewal lease was entered into during the period.
(2) Reflects rehab costs incurred during the current and prior periods with respect to units completed, in which a new lease or renewal lease was entered into
       during the current period.
(3) These results are not necessarily indicative of the results that would be generated if such improvements were made across our portfolio of properties or at any
       particular property. Rents at a property may increase for reasons wholly unrelated to property improvements, such as changes in demand for rental units in a
       particular market or sub-market. Even if units are available to be renovated, the Company may decide not to renovate such units.
Capital Expenditures
(Includes consolidated and unconsolidated amounts)
Gross Capital ExpendituresLess: JV Partner ShareBRT Share of Capital Expenditures (4)
Estimated Recurring Capital Expenditures (1)$340,000 $70,000 $270,000 
Estimated Non-Recurring Capital Expenditures (2)3,781,000 691,000 3,090,000 
Total Capital Expenditures$4,121,000 $761,000 $3,360,000 
Replacements (operating expense) (3)$811,000 $150,000 $661,000 
Estimated Recurring Capital Expenditures and
Replacements per unit (8,985 units)
$137 $26 $111 
(1) Recurring capital expenditures represent our estimate of expenditures incurred at the property to maintain the property's existing operations - it excludes
       revenue enhancing projects.
(2) Non-recurring capital expenditures represent our estimate of significant improvements to the common areas, property exteriors, or interior units of the
      property, and revenue enhancing upgrades.
(3) Replacements are expensed as incurred at the property.
(4) Based on BRT's percentage equity interest.

17

BRT Apartments Corp. (NYSE: BRT)
Debt Analysis
As of June 30, 2022
(dollars in thousands)
____________________________________________________________________________________________________________________________________
Consolidated
Year
Total Principal PaymentsScheduled AmortizationPrincipal Payments Due at Maturity Percent of Total Principal Payments Due At MaturityWeighted Average Interest Rate (1)
2022$15,977 $1,073 $14,904 %3.79 %
20232,218 2,218 — — %— %
20242,823 2,823 — — %— %
202518,805 3,430 15,375 %4.42 %
202620,188 2,685 17,503 %4.55 %
Thereafter 239,826 3,200 236,626 84 %3.85 %
Total$299,837 $15,429 $284,408 100 %
Unconsolidated (BRT pro rata share)
YearTotal Principal PaymentsScheduled AmortizationPrincipal Payments Due at MaturityPercent of Total Principal Payments Due At MaturityWeighted Average Interest Rate (1)
2022$1,273 $1,273 — — %— %
20233,104 3,104 $— — %— %
20243,653 3,653 — — %— %
20254,159 4,159 — — %— %
202670,043 4,184 65,859 31 %4.02 %
Thereafter154,578 6,807 147,771 69 %4.04 %
Total$236,810 $23,180 $213,630 100 %
Combined (2)
YearTotal Principal PaymentsScheduled AmortizationPrincipal Payments Due at MaturityPercent of Total Principal Payments Due At MaturityWeighted Average Interest Rate (1)
2022$17,250 $2,346 $14,904 %4.04 %
20235,322 5,322 — %4.12 %
20246,476 6,476 — — — %
202522,964 7,589 15,375 %4.42 %
202690,231 6,869 83,362 17 %4.14 %
Thereafter394,404 10,007 384,397 77 %4.11 %
Total$536,647 $38,609 $498,038 100 %
Weighted Average Remaining Term to Maturity (2)7.76 years
Weighted Average Interest Rate (2)3.95 %
Debt Service Coverage Ratio for the quarter ended June 30, 2022 1.86 (3)
(1) Based on principal payments due at maturity.
(2) Includes consolidated and BRT's pro rata share of unconsolidated amounts.
(3) See definition under "Non-GAAP Financial Measures and Definitions." Includes consolidated and 100% of the unconsolidated amounts.
Junior Subordinated Notes
Principal Balance $37,400
Interest Rate3 month LIBOR + 2.00% (i.e, 3.286% at 6/30/2022)
MaturityApril 30, 2036
Credit Facility (as of June 30, 2022)
Maximum Amount Available (a)Up to $35,000
Amount Outstanding (b)$0
Interest RatePrime + 0.25% (floor of 3.50%)
MaturityNovember, 2024
(a) Subject to an additional uncommitted $25 million accordion feature
(b) Amount outstanding as at August 5, 2022 is $22,000 with an interest rate of 5.75%.



18

BRT Apartments Corp. (NYSE: BRT)
NON-GAAP FINANCIAL MEASURES, DEFINITIONS, AND RECONCILIATIONS
(dollars in thousands)
________________________________________________________________________________________
We compute NOI by adjusting net income (loss) to (a) add back (1) depreciation expense, (2) general and administrative expenses, (3) interest expense, (4) loss on extinguishment of debt, (5) equity in loss of unconsolidated joint ventures, (6) provision for taxes, (7) the impact of non-controlling interests, (8) impairment charge, and (b) deduct (1) other income, (2) gain on sale of real estate, and (3) gain on insurance recoveries related to casualty loss. We define "Same Store NOI" as NOI for all our consolidated properties that were owned for the entirety of the periods being presented, other than properties in lease up and developments. Other REIT’s may use different methodologies for calculating NOI, and accordingly, our NOI may not be comparable to other REIT’s. We believe NOI provides an operating perspective not immediately apparent from GAAP operating income or net (loss) income. NOI is one of the measures we use to evaluate our performance because it (i) measures the core operations of property performance by excluding corporate level expenses and other items unrelated to property operating performance and (ii) captures trends in rental housing and property operating expenses. We view Same Store NOI as an important measure of operating performance because it allows a comparison of operating results of properties owned for the entirety of the periods presented and eliminates variations caused by acquisitions or dispositions during the periods. However, NOI should only be used as an alternative measure of our financial performance.

The following tables provides a reconciliation of NOI to net income attributable to common stockholders as computed in accordance with GAAP for the periods presented for the consolidated properties:


ConsolidatedThree Months Ended June 30,Six Months Ended June 30,
2022202120222021
GAAP Net income attributable to common stockholders$35,607 $6,027 $47,115 $2,262 
Less: Other Income(2)(3)(6)(7)
Add: Interest expense2,912 1,609 4,933 3,269 
         General and administrative3,533 3,154 7,166 6,268 
         Impairment charge— 520 — 520 
         Depreciation and amortization5,010 1,416 8,616 2,953 
         Provision for taxes724 67 798 124 
Less: Gain on sale of real estate— (7,279)(6)(7,279)
         Gain on the sale of partnership interest— (2,244)— (2,244)
         Equity in earnings from sale of unconsolidated joint venture
         properties
(40,098)— (53,059)— 
Add: Loss on extinguishment of debt563 — 563 — 
Adjust for: Equity in loss (earnings) from sale of unconsolidated joint venture properties50 492 (1,180)1,837 
Add: Net loss attributable to non-controlling interests36 33 72 67 
Net Operating Income$8,335 $3,792 $15,012 $7,770 
Less: Non-same store Net Operating Income (loss)$4,452 $313 $(7,293)$(845)
Same store Net Operating Income$3,883 $3,479 $7,719 $6,925 


19

BRT Apartments Corp. (NYSE: BRT)
NON-GAAP FINANCIAL MEASURES, DEFINITIONS, AND RECONCILIATIONS
(dollars in thousands)
________________________________________________________________________________________


The following tables provides a reconciliation of NOI to net income attributable to common stockholders as computed in accordance with GAAP for the periods presented for BRT's pro rata share of the unconsolidated properties:


Unconsolidated Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
BRT equity in earnings (loss) from joint ventures40,048 (492)$54,239 $(1,837)
Add: Interest expense3,106 5,471 7,050 10,930 
         Depreciation3,259 6,276 7,577 12,875 
         Loss on extinguishment of debt1,469 — 1,488 — 
Less: Impairment of asset— 348 — 2,010 
         Insurance recovery— (348)— (2,010)
         Gain on insurances recoveries(42)— (428)— 
          Gain on sale of real estate(40,098)— (53,059)— 
          Equity in earnings of joint ventures(22)(5)(77)(14)
Net Operating Income$7,720 $11,250 $16,790 $21,954 
Less: Non-same store Net Operating Income$(1,960)$(5,915)(5,244)(11,837)
Same store Net Operating Income$5,760 $5,335 $11,546 $10,117 
Consolidated same store Net Operating Income$3,883 $3,479 7,719 6,925 
Unconsolidated same store Net Operating Income5,760 5,335 11,546 10,117 
Combined same store Net Operating Income$9,643 9,643,000 $8,814 $19,265 $17,042 


20

BRT Apartments Corp. (NYSE: BRT)
NON-GAAP FINANCIAL MEASURES, DEFINITIONS, AND RECONCILIATIONS
(dollars in thousands)

_____________________________________________________________________________________________________________________

The condensed income statements for the unconsolidated properties below, present, for the periods indicated, a reconciliation of the information that appears in note 8 to the consolidated financial statements included in BRT's Quarterly Report on Form 10-Q for the period ended June 30, 2022 to the BRT pro-rata information presented below:
Three Months Ended June 30, 2022
TotalPartner ShareBRT Share
Revenues:
Rental and other revenue$22,107 $8,156 $13,951 
Total revenues22,107 8,156 13,951 
Expenses:
Real estate operating expenses9,842 3,611 6,231 
Interest expense4,893 1,787 3,106 
Depreciation5,208 1,949 3,259 
Total expenses19,943 7,347 12,596 
Total revenues less total expenses2,164 809 1,355 
Other equity earnings22 — 22 
Gain on insurance recoveries52 10 42 
Gain on sale of real estate properties77,681 37,583 40,098 
Loss on extinguishment of debt(2,888)(1,419)(1,469)
Net income$77,031 $36,983 $40,048 

Three Months Ended June 30, 2021
TotalPartner ShareBRT Share
Revenues:
Rental and other revenue$33,005 $11,993 $21,012 
Total revenues33,005 11,993 21,012 
Expenses:
Real estate operating expenses15,233 5,471 9,762 
Interest expense8,472 3,001 5,471 
Depreciation9,791 3,515 6,276 
Total expenses33,496 11,987 21,509 
Total revenues less total expenses(491)(497)
Other equity earnings— 
Impairment charges(490)(142)(348)
Insurance recoveries490 142 348 
Net loss$(486)$$(492)
21

BRT Apartments Corp. (NYSE: BRT)
NON-GAAP FINANCIAL MEASURES, DEFINITIONS, AND RECONCILIATIONS
(dollars in thousands)

_____________________________________________________________________________________________________________________

The condensed income statements below present for the periods indicated a reconciliation of the information that appears in note 6 of BRT's Annual report on Form 10-Q to the BRT pro rata information presented here in this supplemental.
Six Months Ended June 30, 2022
TotalPartner ShareBRT Share
Revenues:
Rental and other revenue$47,338 $17,052 $30,286 
Total revenues47,338 17,052 30,286 
Expenses:
Real estate operating expenses21,011 7,515 13,496 
Interest expense10,919 3,869 7,050 
Depreciation11,844 4,267 7,577 
Total expenses43,774 15,651 28,123 
Total revenues less total expenses3,564 1,401 2,163 
Other equity earnings77 — 77 
Gain on insurance recoveries567 139 428 
Gain on sale of real estate properties101,333 48,274 53,059 
Loss on extinguishment of debt(2,918)(1,430)(1,488)
Net income$102,623 $48,384 $54,239 

Six Months Ended June 30, 2021
TotalPartner ShareBRT Share
Revenues:
Rental and other revenue$65,677 $23,976 $41,701 
Total revenues65,677 23,976 41,701 
Expenses:
Real estate operating expenses30,936 11,189 19,747 
Interest expense16,994 6,064 10,930 
Depreciation20,176 7,301 12,875 
Total expenses68,106 24,554 43,552 
Total revenues less total expenses(2,429)(578)(1,851)
Other equity earnings14 — 14 
Impairment charges(2,813)(803)(2,010)
Insurance recoveries2,813 803 2,010 
Gain on insurance recoveries— — 
Net loss$(2,415)$(578)$(1,837)


22

BRT Apartments Corp. (NYSE: BRT)
NON-GAAP FINANCIAL MEASURES, DEFINITIONS, AND RECONCILIATIONS
(dollars in thousands)
________________________________________________________________________________________


Funds from Operations (FFO)
FFO is a non-GAAP financial performance measure defined by the National Association of Real Estate Investment Trusts and is widely recognized by investors and analysts as one measure of operating performance of a REIT. The FFO calculation excludes items such as real estate depreciation and amortization, gains and losses on the sale of real estate assets and impairment on depreciable assets. Historical accounting convention used for real estate assets requires straight-line depreciation of buildings and improvements, which implies that the value of real estate assets diminishes predictably over time. Since real estate values have historically risen or fallen with market conditions, it is management’s view, and we believe the view of many industry investors and analysts, that the presentation of operating results for a REIT using the historical accounting for depreciation is insufficient. FFO excludes gains and losses from the sale of real estate, which we believe provides management and investors with a helpful additional measure of the performance of our real estate portfolio, as it allows for comparisons, year to year, that reflect the impact on operations from trends in items such as occupancy rates, rental rates, operating costs, general, administrative and other expenses, and interest expenses.

Adjusted Funds from Operations (AFFO)
AFFO excludes from FFO straight line rent adjustments, loss on extinguishment of debt, amortization of restricted stock and RSU expense, amortization of deferred mortgage costs and gain on insurance recovery. AFFO provides investors with supplemental performance information that is consistent with the performance models and analysis used by management and provides investors a view of the performance of our portfolio over time, including after the time we cease to acquire properties on a frequent and regular basis. We believe that AFFO enables investors to compare the performance of our portfolio with other REITs that have not recently engaged in acquisitions, as well as a comparison of our performance with that of other non-traded REITs, as AFFO, or an equivalent measure is routinely reported by non-traded REITs, and we believe often used by analysts and investors for comparison purposes.

Debt Service Coverage Ratio
Debt service coverage ratio is net operating income ("NOI") divided by total debt service and includes both consolidated and unconsolidated assets.

Total Debt Service
Total debt service is the cash required to cover the repayment of interest and principal on a debt for a particular period. Total debt service is used in the calculation of the debt service coverage ratio which is used to determine the borrower’s ability to make debt service payments.

Same Store
Same store properties refer to stabilized properties that we owned and operated for the entirety of periods being compared, except for properties that are under construction, in lease-up, or are undergoing development or redevelopment. We move properties previously excluded from our same store portfolio (because they were under construction, in lease up or are in development or redevelopment) into the same store designation once they have stabilized (as described below) and such status has been reflected fully in all applicable periods of comparison.

Stabilized Properties
Newly constructed, lease-up, development and redevelopment properties are deemed stabilized upon the earlier to occur of the first full calendar quarter beginning (a) 12 months after the property is fully completed and put in service and (b) attainment of at least 90% physical occupancy. 

Pro-Rata Share
BRT's pro-rata share gives effect to its percentage equity interest in the unconsolidated joint ventures that own properties. Due to the operation of allocation/distribution provision of the joint venture agreements pursuant to which BRT participates in the ownership of these properties, BRT's share of the gain and loss on the sale of a property may be less than implied by BRT's percentage equity interest. Notwithstanding the foregoing, when referring to the number of units, average occupancy, and average rent per unit, the amount shown reflects 100% of the amount.


23

BRT Apartments Corp. (NYSE: BRT)
Portfolio Table
As of 8/5//2022
___________________________________________________________________________________________
PropertyCityStateYear BuiltYear AcquiredProperty AgeUnitsQ2 2022 Avg. OccupancyQ2 2022 Avg. Rent per Occ. Unit% Ownership
Consolidated Properties
Abbotts RunWilmingtonNC200120202226497.5%$1,075 100 %
AvalonPensacolaFL200820141527697.2%1,355 100 %
Avondale StationDecaturGA195020127321296.4%1,307 100 %
Bell's BluffNashvilleTN20182018540297.5%1,738 100 %
Brixworth at BridgestreetHuntsvilleAL198520133820894.8%934 100 %
Civic Center 1SouthavenMS200220162139296.8%1,109 100 %
Civic Center 2SouthavenMS200520161838496.5%1,160 100 %
Crestmont at ThornbladeGreenvilleSC199820182526697.5%1,211 100 %
Crossings of BellevueNashvilleTN198520143830096.8%1,289 100 %
Grove at River PlaceMaconGA198820163524095.3%846 100 %
Jackson SquareTallahasseeFL199620172724294.2%1,246 100 %
Kilburn CrossingFredericksburgVA200520161822098.0%1,648 100 %
Newbridge CommonsColumbusOH199920132426496.7%1,012 100 %
Parkway GrandeSan MarcosTX20142015919297.8%1,160 100 %
Silvana OaksNorth CharlestonSC201020121320897.4%1,353 100 %
Somerset at TrussvilleTrussvilleAL200720191632897.0%1,139 100 %
Vanguard HeightsCreve CoeurMO20162017717496.2%1,547 100 %
Verandas at Alamo RanchSan AntonioTX20152016828892.7%1,236 100 %
Woodland ApartmentsBoerneTX200720171612097.9%1,131 100 %
Woodland TrailsLaGrangeGA201020151323698.7%1,166 100 %
Magnolia Pointe MadisonAL199120173220493.1%1,126 100 %
Weighted Avg./Total Consolidated225,420
Properties owned by Unconsolidated Joint Ventures
Canalside LoftsColumbiaSC2008/201320171537496.8%1,285 32 %
Canalside SolaColumbiaSC20182018533995.9%1,456 46 %
Chatham Court and ReflectionsDallasTX198620163749494.9%1,096 50 %
Gateway OaksForneyTX20162016731398.2%1,252 50 %
Landings of Carrier ParkwayGrand PrairieTX200120182228192.6%1,268 50 %
Mercer CrossingDallasTX2014/20162017950995.4%1,533 50 %
Pointe at Lenox ParkAtlantaGA198920163427194.1%1,377 74 %
The Village at LakesideAuburnAL198820193520097.5%965 80 %
Waters Edge at Harbison (1)ColumbiaSC199620162720495.4%1,055 80 %
Weighted Avg./Total Unconsolidated202,985
Development
Stono Oaks (2)Johns IslandSC
Weighted Avg./Total Portfolio218,405
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(1) It is anticipated that this sale will be completed during the quarter ending September 30, 2022
(2) Purchased a 17.45% interest in a planned 240-unit development property
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