New York, NY (December 20, 2017) – Bluerock Residential Growth REIT, Inc. (NYSE American: BRG) (the “Company”) today announced that its Board of Directors has revised the Company’s dividend policy for the Company's Class A common stock (the “Class A Common Stock”) and set an annual dividend rate of $0.65 per share. The new dividend rate falls within the anticipated...
New York, NY (December 8, 2017) – Bluerock Residential Growth REIT, Inc. (NYSE American: BRG) (the “Company”) today announced that its Board of Directors has authorized and the Company has declared a quarterly cash dividend on the Company's 8.250% Series A Cumulative Redeemable Preferred Stock (the “Series A Preferred Stock”) for the fourth quarter of 2017, in the amount of...
New York, NY (November 7, 2017) – Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) (“the Company”) announced today its financial results for the quarter ended September 30, 2017.
Highlights
Total revenues grew 46% to $30.1 million for the quarter from $20.6 million for the prior year quarter primarily as a result of significant investment activity in the past year, offset...
New York, NY (November 1, 2017) – Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) (“BRG”) today announced that it has successfully completed the internalization of its management pursuant to the previously announced Contribution and Sale Agreement with its former external manager, BRG Manager, LLC (the “Manager”). In conjunction with the internalization, BRG has acquired the assets used by the...
New York, NY (October 30, 2017) – Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) (the “Company” or “BRG”) will release its financial results for the third quarter ended September 30, 2017 before the market opens on Tuesday, November 7, 2017. The Company will host a conference call to discuss its financial results on Tuesday, November 7, 2017 at 11:00...
New York, NY (October 27, 2017)– Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) (“BRG,” “the REIT” or “the Company”) announced today that it has acquired the 300-unit multifamily community known as Springs at Greystone in Birmingham, Alabama (“Springs at Greystone”). The REIT acquired the property for a total purchase price of approximately $36.25 million, or approximately $121,000 per residential...
New York, NY (October 24, 2017) – Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) (“BRG”, the “REIT” or the “Company”) announced today that it has acquired the 336-unit multifamily community Citrus Tower (“Citrus Tower”) in Clermont, Florida. The REIT acquired the property for a total purchase price of approximately $55.25 million, or roughly $164,435 per residential unit.
The transaction was...
New York, NY (October 13, 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 fourth quarter of 2017, equal to a quarterly rate of $0.29 per...
New York, NY (October 11, 2017) – Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) (the “Company”) today announced that it has closed on a $150 million senior secured credit facility (the “Facility”). The Facility provides an accordion feature that allows for increased borrowing capacity of up to $250 million.
“We are pleased to implement our first credit facility, which along...
New York, NY (October 4, 2017) – Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) (the “Company”) today announced that the Company terminated, effective as of September 30, 2017, the At Market Issuance Sales Agreement dated March 29, 2016, by and among, the Company, FBR Capital Markets & Co. (“FBR”), and MLV & Co. LLC, and the At Market Issuance...
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BRG’s Series B Preferred Stock & Warrants
This is neither an offer to sell nor a solicitation of an offer to buy the securities described herein. An offering is made only by the prospectus supplement and the accompanying prospectus. The contents of this webpage and advertising literature must be read in conjunction with the prospectus supplement and the accompanying prospectus in order to understand fully all of the implications and risks of the offering of securities to which it relates. A copy of the prospectus supplement and the accompany prospectus must be made available to you in connection with the offering. Neither the attorney general of the state of New York nor any other state regulators has passed on or endorsed the merits of the offering. Any representation to the contrary is unlawful.
The security investment described herein relates solely to BRG’s Series B Preferred Stock, a non-traded security of BRG which has not been listed on any national exchange. The risks and rewards of investing in the Series B Preferred Shares are separate and distinct from an investment in BRG’s common stock listed on the NYSE American.
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