v3.26.1
Investment in Unconsolidated Ventures (Tables)
 6 Months Ended
Jun. 30, 2026
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Equity Method Investments The condensed balance sheets below present information regarding such properties (dollars in thousands):
June 30, 2026December 31, 2025
ASSETS
Real estate properties, net of accumulated depreciation of $103,044 and $95,747
$358,068 $363,451 
Cash and cash equivalents7,194 7,506 
Other assets 9,775 11,756 
Total Assets$375,037 $382,713 
LIABILITIES AND EQUITY
Liabilities:
Mortgages payable, net of deferred costs of $1,063 and $1,106
$283,772 $285,379 
Accounts payable and accrued liabilities8,277 9,435 
Total Liabilities292,049 294,814 
Commitments and contingencies
Equity:
Total unconsolidated joint venture equity82,988 87,899 
Total Liabilities and Equity$375,037 $382,713 
BRT's interest in joint venture equity$43,297 $46,121 
The condensed income statements below present information regarding the Unconsolidated Properties (dollars in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Revenues:
Rental and other revenue$13,847 $11,927 $27,279 $23,636 
Total revenues13,847 11,927 27,279 23,636 
Expenses:
Real estate operating expenses6,878 5,744 13,383 10,917 
Interest expense3,241 2,770 6,436 5,515 
Depreciation and amortization3,917 3,163 8,115 6,911 
Total expenses14,036 11,677 27,934 23,343 
Total revenues less total expenses(189)250 (655)293 
Other equity (loss) earnings145 18 139 108 
Net (loss) income$(44)$268 $(516)$401 
BRT's equity in (loss) earnings $(1)$299 $(309)$712 
Schedule of Real Estate Properties Owned
Real estate properties, consists of the following (dollars in thousands):
June 30, 2026December 31, 2025
Land$74,246 $74,246 
Building616,979 616,979 
Building improvements41,816 38,410 
  Real estate properties733,041 729,635 
Accumulated depreciation(146,212)(132,821)
  Total real estate properties, net$586,829 $596,814 

A summary of real estate properties owned is as follows (dollars in thousands):

      

December 31, 2025
Balance		 ImprovementsDepreciation June 30, 2026
Balance
Multifamily$595,245 $3,406 $(13,336)$585,315 
Retail shopping center and other1,569 — (55)1,514 
Total real estate properties$596,814 $3,406 $(13,391)$586,829 
At the indicated dates, real estate properties of the unconsolidated joint ventures consist of the following (dollars in thousands):
June 30, 2026December 31, 2025
Land$54,272 $54,272 
Building387,415 387,364 
Building improvements19,425 17,562 
   Real estate properties461,112 459,198 
Accumulated depreciation(103,044)(95,747)
    Total real estate properties, net$358,068 $363,451