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...

New York, NY (October 21, 2015) – Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) (the “Company”) announced today the completion of its underwritten public offering of 2,875,000 shares of its 8.250% Series A Cumulative Redeemable Preferred Stock, liquidation preference of $25.00 per share (the “Series A Preferred Stock”), including 375,000 shares of Series A Preferred Stock issued pursuant to...

New York, NY (October 16, 2015) -- Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) (the “Company”) announced today the pricing of its public offering of 2,500,000 shares of its 8.250% Series A Cumulative Redeemable Preferred Stock, liquidation preference of $25.00 per share (the “Series A Preferred Stock”), for total net proceeds of approximately $60.1 million after deducting underwriting discounts,...

New York, NY (October 13, 2015) – Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) (the “Company”) announced today that it has commenced a public offering of its Series A Cumulative Redeemable Preferred Stock. The dividend yield and other terms are to be determined by negotiations between the Company and the underwriters. The Company expects to grant the underwriters a...

New York, NY (October 12, 2015) – 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 for the fourth quarter of 2015 equal to a quarterly rate of $0.29 per share on the Company's Class A common stock and $0.29 per share...

New York, NY (October 5, 2015) – Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) (the “Company”) has distributed a monthly cash dividend of $0.096666 per share on the Company’s Class A and Class B common stock, as announced earlier in the quarter. The Company’s monthly dividend payments to stockholders represent an annualized dividend yield of 9.49% based on the closing...

NEW YORK, Sept. 4, 2015 - Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) (the "Company") has distributed a monthly cash dividend of $0.096667 per share on the Company's Class A and Class B common stock, as announced earlier in the quarter. The Company's monthly dividend payments to stockholders represent an annualized dividend yield of 10.45% based on the closing price of...

New York, NY (August 21, 2015) – Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) (“BRG” or the “Company”) announced today that it has acquired a 252-unit Class A apartment community in Orlando, Florida, known as Arium Palms at World Gateway (“Arium Palms”). The property, which the Company acquired through a joint venture for $37 million, is located in the...

New York, NY (August 20, 2015) – Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) (“BRG” or “the Company”) announced today that it has acquired 322 units within a Class A apartment community in Charlotte, NC known as the Ashton Reserve Apartments. The acquisition is the first phase (“Ashton Reserve I”) of a two-phase acquisition that BRG will make in...

Operator Good morning, ladies and gentlemen, and welcome to Bluerock Residential Growth REIT’s Second Quarter 2015 Earnings Conference Call. All participants will be in listen-only mode. After today’s presentation, there will be an opportunity to ask questions. Please note this event is being recorded. I would now like to introduce your host for today’s call, Christopher Vohs, Chief Accounting Officer of Bluerock...