Series B Redeemable Preferred Stock and Warrants

Stock Information

To search for a specific CUSIP number, you can enter the last three digits in the Search box or press “Ctrl F” (Command F on a Mac) on your keyboard to initiate the search bar.

CUSIP #Issue Date13%*10%*10%*5%*3%*0%*
09627P 88410/27/1710/27/1710/27/1810/27/1910/27/2010/27/2110/27/22
09627P 80110/13/1710/13/1710/13/1810/13/1910/13/2010/13/2110/13/22
09627P 7029/29/179/27/179/27/189/27/199/27/209/27/219/27/22
09627P 6039/15/179/15/179/15/189/15/199/15/209/15/219/15/22
09627P 5048/30/178/30/178/30/188/30/198/30/208/30/218/30/22
09627P 4058/15/178/15/178/15/188/15/198/15/208/15/218/15/22
09627P 3067/28/177/28/177/28/187/28/197/28/207/28/217/28/22
09627P 2077/14/177/14/177/14/187/14/197/14/207/14/217/14/22
09627J 5246/30/176/30/176/30/186/30/196/30/206/30/216/30/22
09627J 5326/16/176/16/176/16/186/16/196/16/206/16/216/16/22
09627J 5405/30/175/30/175/30/185/30/195/30/205/30/215/30/22
09627J 5575/15/175/15/175/15/185/15/195/15/205/15/215/15/22
09627J 5654/28/174/28/174/28/184/28/194/28/204/28/214/28/22
09627J 5734/13/174/13/174/13/184/13/194/13/204/13/214/13/22
09627J 5813/24/173/24/173/24/183/24/193/24/203/24/213/24/22
09627J 5993/10/173/10/173/10/183/10/193/10/203/10/213/10/22
09627J 6152/24/172/24/172/24/182/24/192/24/202/24/212/24/22
09627J 6232/10/172/10/172/10/182/10/192/10/202/10/212/10/22
09627J 6311/27/171/27/171/27/181/27/191/27/201/27/211/27/22
09627J 6491/13/171/13/171/13/181/13/191/13/201/13/211/13/22
09627J 66412/29/1612/29/1612/29/1712/29/1812/29/1912/29/2012/29/21
09627J 67212/16/1612/16/1612/16/1712/16/1812/16/1912/16/2012/16/21
09627J 68012/2/1612/2/1612/2/1712/2/1812/2/1912/2/2012/2/21
09627J 69811/18/1611/18/1611/18/1711/18/1811/18/1911/18/2011/18/21
09627J 71411/4/1611/4/1611/4/1711/4/1811/4/1911/4/2011/4/21
09627J 72210/21/1610/21/1610/21/1710/21/1810/21/1910/21/2010/21/21
09627J 73010/7/1610/7/1610/7/1710/7/1810/7/1910/7/2010/7/21
09627J 7559/23/169/23/169/23/179/23/189/23/199/23/209/23/21
09627J 7639/9/169/9/169/9/179/9/189/9/199/9/209/9/21
09627J 7718/26/168/26/168/26/178/26/188/26/198/26/208/26/21
09627J 7898/12/168/12/168/12/178/12/188/12/198/12/208/12/21
09627J 7977/29/167/29/167/29/177/29/187/29/197/29/207/29/21
09627J 8137/15/167/15/167/15/177/15/187/15/197/15/207/15/21
09627J 8217/1/167/1/167/1/177/1/187/1/197/1/207/1/21
09627J 8396/17/166/17/166/17/176/17/186/17/196/17/206/17/21
09627J 8476/3/166/3/166/3/176/3/186/3/196/3/206/3/21
09627J 8545/20/165/20/165/20/175/20/185/20/195/20/205/20/21
09627J 8625/6/165/6/165/6/175/6/185/6/195/6/205/6/21
09627J 8704/22/164/22/164/22/174/22/184/22/194/22/204/22/21
09627J 8054/8/164/8/164/8/174/8/184/8/194/8/204/8/21

* Redemption Fee Schedule

Warrants Information

To search for a specific CUSIP number, you can enter the last three digits in the Search box or press “Ctrl F” (Command F on a Mac) on your keyboard to initiate the search bar.

CUSIP #Issue DateInitial Exercise DateMaturity DatePer Share Exercise Price
09627P 18110/27/1710/27/1810/27/21$13.69
09627P 17310/13/1710/13/1810/13/21$13.00
09627P 1659/27/179/27/189/27/21$12.47
09627P 1579/15/179/15/189/15/21$12.26
09627P 1408/30/178/30/188/30/21$12.82
09627P 1328/15/178/15/188/15/21$13.87
09627P 1247/28/177/28/187/28/21$15.89
09627P 1167/14/177/14/187/14/21$15.57
09627J 4666/30/176/30/186/30/21$15.54
09627J 4586/16/176/16/186/16/21$15.18
09627J 4415/30/175/30/185/30/21$15.21
09627J 4335/15/175/15/185/15/21$15.13
09627J 4254/28/174/28/184/28/21$15.08
09627J 4174/13/174/13/184/13/21$14.66
09627J 3913/24/173/24/183/24/21$14.46
09627J 3833/10/173/10/183/10/21$15.27
09627J 3752/24/172/24/182/24/21$15.70
09627J 3672/10/172/10/182/10/21$15.74
09627J 3591/27/171/27/181/27/21$15.90
09627J 3421/13/171/13/181/13/21$15.99
09627J 33412/29/1612/29/1712/29/20$15.61
09627J 32612/16/1612/16/1712/16/20$15.52
09627J 31812/2/1612/2/1712/2/20$15.25
09627J 29211/18/1611/18/1711/18/20$15.06
09627J 28411/4/1611/4/1711/4/20$14.89
09627J 27610/21/1610/21/1710/21/20$15.10
09627J 26810/7/1610/7/1710/7/20$15.44
09627J 2509/23/169/23/179/23/20$15.82
09627J 2439/9/169/9/179/9/20$16.25
09627J 2358/26/168/26/178/26/20$16.28
09627J 2278/12/168/12/178/12/20$16.10
09627J 2197/29/167/29/177/29/20$15.68
09627J 1937/15/167/15/177/15/20$15.14
09627J 1857/1/167/1/177/1/20$14.80
09627J 1776/17/166/17/176/17/20$14.34
09627J 1696/3/166/3/176/3/20$14.06
09627J 1515/20/165/20/175/20/20$13.79
09627J 1445/6/165/6/175/6/20$13.24
09627J 1364/22/164/22/174/22/20$13.11
09627J 1284/8/164/8/174/8/20$12.18

Documents

Prospectus Supplement

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Series B Redemption Form

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Subscription Agreement (Direct)

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Subscription Agreement (DTC)

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Warrant Exercise Form

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Risk Factors

An investment in Bluerock Residential Growth REIT, Inc. (“BRG”) involves a high degree of risk. You should purchase our securities only if you can afford a complete loss of your investment. See the “Risk Factors” sections of the Prospectus Supplement and the accompanying Prospectus for a discussion of material risks related to an investment in our Series B Redeemable Preferred Stock and Warrants, which include, but are not limited to, the following:

  • There is limited liquidity and no public market for the Series B Redeemable Preferred Stock or Warrants and we do not intend to list them on a securities exchange.
  • If our Class A common stock is no longer listed on the NYSE MKT or another national securities exchange, we would be required to terminate the offering and could result in our raising gross proceeds substantially less than if the maximum offering is sold.
  • Dividends have been paid on our Class A and Class B common stock since May 5, 2014 through the year ended December 31, 2016. Such dividends have been declared monthly and paid on a quarterly basis at a quarterly rate of $0.29 per share, which represents an annualized dividend yield of 8.45% based on the closing price of $13.72 for the Company’s Class A common stock as of the close of trading on December 31, 2016 (which yield is subject to change). From May 5, 2014 through December 31, 2016, we have paid total common stock dividends, including dividends reinvested through our dividend reinvestment plan, of $49,919,111, approximately 31% of which were paid from sources other than cash flows from operations, including from the proceeds of our equity offerings. In addition, the Company has issued Series A preferred stock, Series B preferred stock, Series C preferred stock and Series D preferred stock. The Series A preferred stock carries an 8.25% stated dividend rate, the Series B preferred stock carries a 6.00% stated dividend rate, the Series C preferred stock carries a 7.625% stated dividend rate and the Series D preferred stock carries a 7.125% stated dividend rate. From May 5, 2014 through December 31, 2016, we have paid total preferred stock dividends of $9,663,797, all of which were paid from cash flows from operations.
  • Distributions paid from sources other than cash flow or funds from operations may constitute a return of capital and reduce investor returns. Rates of distribution to you may not be indicative of our operating results.
  • We make no guarantee that we will make distributions.
  • We established the offering price for the Units pursuant to negotiations among us and our affiliated dealer manager. As a result, the actual value of your investment may be substantially less than what you pay.
  • Our manager has broad discretion over the use of proceeds from the offering of the Series B Redeemable Preferred Stock and Warrants, and investors will not be able to evaluate the economic or other merits of our investments made with such proceeds prior to our making them.
  • We are dependent on our external manager to select investments and conduct our operations and adverse changes in the financial condition of our manager or our relationship with our manager could adversely affect us and our stockholders.
  • There are substantial conflicts of interest between us and our manager and other affiliates, including conflicts arising out of allocation of personnel to our activities, allocation of investment opportunities between us and investment vehicles of our affiliates, the purchase or sale of apartment properties, and fee arrangements with our manager that might induce our manager to make investment decisions that are not in the best interests of our stockholders.
  • Upon the sale of any individual property, holders of Series B Redeemable Preferred Stock do not have a priority over holders of our common stock regarding return of capital.
  • Our charter contains various restrictions on the ownership and transfer of our securities.
  • After three years from the date of original issuance, we will be able to redeem the outstanding shares of Series B Redeemable Preferred Stock, without your consent, at 100% of the Stated Value per share, plus any accrued and unpaid dividends.
  • If we experience significant liquidity problems, we may not be able to fulfill our obligation to redeem Series B preferred stock when submitted for redemption.
  • Maintenance of our exemption from registration under the Investment Company Act of 1940 and our REIT qualification impose significant limitations on our operations.
  • Holders of the Series B Redeemable Preferred Stock will have no voting rights or control over changes in our policies and operations. Our board of directors may approve changes to our policies without your approval.
  • Our qualification as a REIT depends upon our satisfaction of numerous regulatory limitations and qualifications.
  • We may fail to maintain our qualification as a REIT, which would result in higher taxes for us and reduced cash available for distribution to our stockholders.

BRG has filed a registration statement on Form S-3 (the “Registration Statement”) with the Securities and Exchange Commission (the “SEC”), including a prospectus (the “Prospectus”), with respect to the securities we may offer and sell from time to time, and has further filed with the SEC a prospectus supplement relating to the offering of the Series B Redeemable Preferred Stock and the Warrants (the “Prospectus Supplement”). A copy of the Prospectus Supplement and the accompanying Prospectus must be made available to you in connection with the offering of the Series B Redeemable Preferred Stock and the Warrants, and must be read in conjunction with these materials in order fully understand the risks of an investment in the offering.