New York, NY (December 26, 2014) – On December 24, 2014, Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) (the “Company”) filed a Current Report on Form 8-K with the Securities and Exchange Commission announcing that BR Waterford Crossing JV, LLC, in which the Company holds an indirect equity interest, along with the other tenant-in-common owner of a 252-unit apartment community located in Hendersonville, Tennessee known as Grove at Waterford (the “Grove at Waterford Property”), has sold the Grove at Waterford Property to an unaffiliated third party purchaser.
About Bluerock Residential Growth REIT, Inc.
Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) is a real estate investment trust formed to acquire a diversified portfolio of institutional-quality apartment properties in demographically attractive growth markets throughout the United States. The Company has elected to be taxed as a real estate investment trust (REIT) for U.S. federal income tax purposes. Please visit the Company’s website at www.bluerockresidential.com.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements are based upon the Company’s present expectations, but these statements are not guaranteed to occur. Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. Investors should not place undue reliance upon forward-looking statements. For further discussion of the factors that could affect outcomes, please refer to the “Risk Factors” attached as Exhibit 99.1 to Form 8-K filed by the Company with the U.S. Securities and Exchange Commission (“SEC”) on November 18, 2014, and subsequent filings by the Company with the SEC.