Bluerock Value Exchange (BVEX) Sells Out Class-A Multifamily Riverside DST 1031 Exchange Offering
New York, NY (February 13, 2016) – Bluerock Value Exchange (“BVEX”) announced today the sellout of its latest 1031 exchange program, BR Riverside, DST, a Class A, 310-unit, apartment community known as “The Brooklyn Riverside” located in Jacksonville, Florida. Completed in 2016, The Brooklyn Riverside is a modern, class A apartment community in a strong and growing economic metro, the
Bluerock Residential Growth REIT Announces Fourth Quarter 2016 Results
New York, NY (February 16, 2017) – Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) (“the Company”) announced today its financial results for the quarter ended December 31, 2016. Highlights Total revenues grew 70% to $22.4 million for the quarter from $13.2 million for the prior year quarter primarily as a result of significant investment activity in the past year.
Bluerock Residential Growth REIT (BRG) Fourth Quarter 2016 Earnings, Conference Call Set for February 16
New York, NY (February 9, 2017) – Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) (the “Company” or “BRG”) will release its financial results for the fourth quarter ended December 31, 2016 before the market opens on Thursday, February 16, 2017. The Company will host a conference call to discuss its financial results on Thursday, February 16, 2017 at 11:00
Bluerock Residential Growth REIT (BRG) Prices Class A Common Stock Offering
New York, NY (January 11, 2017) – Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) (the “Company”) announced today the pricing of its public offering of 4,000,000 shares of its Class A common stock, at a price to the public of $13.15 per share, for total net proceeds of approximately $49.77 million after deducting underwriting discounts, commissions, and estimated offering
Bluerock Residential Growth REIT (BRG) Announces Public Offering of Class A Common Stock
New York, NY (January 10, 2017) – Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) (the “Company”) announced today that it has commenced a public offering of 4,000,000 shares of its Class A common stock. The Company expects to grant the underwriters a 30-day option to purchase up to approximately 600,000 additional shares to cover overallotments, if any. The Company
Bluerock Residential Growth REIT (BRG) Announces First Quarter 2017 Common Stock and Series B Preferred Stock Dividends
New York, NY (January 9, 2017) – Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) (the “Company”) today announced that its Board of Directors has authorized and the Company has declared monthly cash dividends on the Company’s Class A common stock (the “Class A Common Stock”) for the first quarter of 2017, equal to a quarterly rate of $0.29 per
Total Income+ Real Estate Fund Announces 4Q Distribution; 5.25% Distribution Rate This Year
New York, NY (December 29, 2016) – Bluerock’s Total Income+ Real Estate Fund (“Fund” or “TI+,” tickers: TIPRX, TIPPX, TIPWX) has paid a fourth quarter distribution of $0.3857 per share, or 1.31% for the quarter, based on the share price of $29.39 for shareholders of record as of December 28, 2016 (A-shares). This distribution amount has grown 0.6% from the
BRG Sells Class A Orlando Apartments for $52M; Achieves 1.8x Return on Equity
New York, NY (December 20th, 2016) – Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) (“BRG” or the “Company”) announced today that it has closed on the sale of its EOS Orlando Apartments property (“EOS”), located in Orlando, Florida. The property, which consists of 296 units, sold for $52 million, generating an internal rate of return of approximately 31% on
Bluerock Residential Growth REIT Acquires 324-Unit Apartment Property in Austin, TX
New York, NY (December 20, 2016) – Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) (“BRG”, the “REIT” or the “Company”) announced today that it has acquired the 324-unit, multifamily Deerfield Apartments (“Deerfield”) in Austin, Texas. The Company acquired the property through a joint venture for a total purchase price of approximately $48.9 million, or roughly $151,000 per residential unit. The
Bluerock Residential Growth REIT Acquires 320-Unit Apartment Property in Port St. Lucie, FL
New York, NY (December 20, 2016) – Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) (“BRG”, the “REIT” or the “Company”) announced today that it has acquired the 320-unit, multifamily Apex Prima Vista Apartments (“Apex”) in Port St. Lucie, FL. The Company acquired the property through a joint venture for a total purchase price of approximately $38.3 million, or approximately $120,000

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