Bluerock Enhanced Multifamily Trust, Inc. (“BEMT” or the “Company”) today announced an estimated net asset value of the Company’s common stock of $10.04 per share as of December 17, 2012, based on independent appraisals of its real estate assets. The estimated per share value is based on the estimated value of the Company’s assets less the estimated value of the...

The Reserve at Creekside, managed by Hawthorne Residential Partners, has introduced a new level of apartment community living in Chattanooga. With its prime location just five minutes to the nearest shopping mall—and its wonderfully attentive staff—this community prides itself on being unique and welcoming. The Reserve at Creekside management often organizes summer pool parties (with the staff cooking out on the...

Bluerock Enhanced Multifamily Trust, Inc. (“BEMT”), announced today its investment in a 266‐unit Class A multifamily development project in the Berry Hill/Melrose neighborhood of Nashville, Tennessee, through a joint venture with Stonehenge Real Estate Group. The project, known as 23Hundred at Berry Hill, is BEMT’s second investment in the thriving Nashville market. Upon completion, which is slated for early 2014, the...

Bluerock Real Estate, LLC is announcing the sale of The Stratford apartments in San Antonio, Texas, a 269-unit apartment community acquired in December, 2008. The Property was purchased in a joint venture with The Lynd Company, as part of a three-property Texas portfolio acquired from a publicly traded REIT. The portfolio was acquired in the immediate aftermath of the market...

Bluerock Enhanced Multifamily Trust, Inc. (“BEMT” or the “Company”), announced today that it has acquired Enders Place at Baldwin Park, a multifamily community located in Orlando, Florida, through a joint venture with Waypoint Residential. Enders Place is one of several communities within the larger Baldwin Park development. Pedestrian-friendly with 215 acres of park space, nature trails and amenities, Baldwin Park...

Bluerock Enhanced Multifamily Trust, Inc. (“BEMT” or the “Company”) today announced that the Independent Members of the Board of Directors had approved a reduction in the Advisor’s Asset Management Fee to 0.65% from 1.0% per annum, which is expected to generate significant annual expense savings over time. In exchange for the reduction, the Board approved an increase in the Advisor’s...

Bluerock Real Estate, LLC (“Bluerock”) has announced the sale of the Archstone Tech Ridge Apartment Community in Austin, TX to a partnership of The Carlyle Group and the Carroll Organization. The 256-unit community was only 50% complete when Bluerock acquired it with development partner, Archstone, in February 2010. At the time of Bluerock’s sale, the property was over 95% leased,...

In spite of a sluggish economy, weak job growth and a slightly improving for-sale home market, the prevailing positive trends that have fueled the multi-housing sector’s impressive growth over the past 18 months will continue well into 2013 and beyond. Read Article[icon icon="arrow-up-right" class="external-link" size="12px" color="#6693bc" style="font-weight: normal; border: 1px solid #6693bc; margin-left: 5px;" /] ...

Three in four U.S. institutional investors (74%) have changed their approach to risk management over the past five years and now consider the use of alternative investments essential to diversify portfolio risk (76%), according to a new study of 151 U.S.-based institutional investors by Natixis Global Asset Management (NGAM), the 13th largest asset manager in the world. The research was...

Bluerock Enhanced Multifamily Trust, Inc. (“BEMT” or the “Company”) today announced net income of $4.9 million, or $3.17 per share, for the quarter ended June 30, 2012, as compared to a net loss of $702,000, or $0.93 per share, in the same quarter last year. The quarter’s strong results are attributable to increases in operating profitability and improved fundraising as well...