BRT Apartments Corp Purchases 214-Unit Multifamily Community In Auburn From LIV Development For $36.5M

The property involved in the transaction is a 214-unit garden-style community located at 1322 North Dean Road in Auburn, AL. The sale price for this multifamily asset was $36,500,000, resulting in a price per unit of $170,561.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $36,500,000
• Address: 1322 North Dean Road
• Market: Auburn, AL
• Units: 214
• Price Per Unit: $170,561
• Buyer: BRT Apartments Corp
• Seller: LIV Development

BRT Apartments Corp. and Mulberry Properties were the key individuals in this acquisition, as they acquired the property from LIV Development. This notable transaction highlights the involvement of these companies in the multifamily market within Auburn.