New York, NY – Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) (the “Company”) filed a Current Report on Form 8-K with the Securities and Exchange Commission today announcing it had restructured its investment in a 266-unit apartment community in Nashville, Tennessee known as 23Hundred@Berry Hill (the “Berry Hill Property”) as of December 9, 2014. The Berry Hill Property is now owned in tenancy-in-common by: SH 23Hundred TIC, LLC, an affiliate of Stonehenge Real Estate Group, LLC, the developer of the Berry Hill Property; BGF 23Hundred, LLC, a subsidiary of the Bluerock Growth Fund, LLC, an affiliate of the Company’s manager; and 23Hundred, LLC in which the Company holds an indirect equity interest.
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.