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...

New York, NY (September 26, 2017) – Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) (“BRG,” “the REIT” or “the Company”) announced today that it has acquired the 384-unit multifamily Villages of Cypress Creek Apartments (“Cypress Creek”) in Houston, Texas. BRG purchased an 80% interest in the Cypress Creek property in an off-market transaction with an equity investment of $14.5 million, financing...

New York, NY (September 8, 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 a quarterly cash dividend on the Company's 8.250% Series A Cumulative Redeemable Preferred Stock (the “Series A Preferred Stock”) for the third quarter of 2017, in the amount of $0.515625...