BRG Sells North Park Towers Generating 40% IRR
New York, NY (October 22, 2015) – Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) (“BRG,” “The REIT” or “the Company”) announced today that it has closed on the sale of its North Park Towers property, in Southfield, Michigan. The property, which encompasses two 19-story apartment buildings, 313 apartment rental units and 13 retail/commercial spaces, sold for $18.2 million, generating...