Acquisitions and Dispositions (Tables)

9 Months Ended

Sep. 30, 2019

Business Combinations [Abstract]

Schedule of real estate acquisitions

The table below provides information regarding the Company's purchase of multi-family properties during the nine months ended September 30, 2019 (dollars in thousands):

Location	Purchase Date	No. of Units	Purchase Price		Acquisition Mortgage Debt		Initial BRT Equity		Ownership Percentage		Capitalized Acquisition Costs
Kannapolis, North Carolina	3/12/2019	312	$	48,065	$	33,347	$	11,231	65	%	$	559
Birmingham, Alabama	5/7/2019	328	43,000		32,250		11,625		80	%	546
Auburn, Alabama	8/8/2019	200	18,400		14,500		4,320		80	%	140
		840	$	109,465	$	80,097	$	27,176			$	1,245

The table below provides information regarding the Company's purchases of multi-family properties during the nine months ended September 30, 2018 (dollars in thousands):

Location	Purchase Date	No. of Units	Purchase Price		Acquisition Mortgage Debt		Initial BRT Equity		Ownership Percentage		Capitalized Acquisition Costs
Ocoee, FL	2/7/2018	522	$	71,347	$	53,060	$	12,370	50.0	%	$	1,047
Lawrenceville, GA	2/15/2018	586	77,229		54,447		15,179		50.0	%	767
Daytona, FL	4/30/2018	208	20,500		13,608		6,900		80.0	%	386
Grand Prairie, TX	5/17/2018	281	30,800		18,995		7,300		50.0	%	411
		1,597	$	199,876	$	140,110	$	41,749			$	2,611

Schedule of property dispositions

The following table is a summary of the real estate properties disposed of by the Company during the nine months ended September 30, 2019 (dollars in thousands):

Location	Sale Date	No. of Units	Sales Price		Gain on Sale		Non-controlling partner's portion of the gain
Houston, TX (two properties)	7/11/2019	384	$	33,200	$	9,938	$	894

The following table is a summary of the real estate properties disposed of by the Company during the nine months ended September 30, 2018 (dollars in thousands):

Location	Sale Date	No. of Units	Sales Price		Gain on Sale		Non-controlling partner's portion of the gain
New York, NY	1/18/2018	1	$	470	$	439	$	—
Valley, AL	2/23/2018	618	51,000		9,712		4,547
Palm Beach Gardens, FL	2/25/2018	542	97,250		41,831		$	20,593
New York, NY	8/15/2018	1	450		423		—
		1,162	$	149,170	$	52,405	$	25,140