Bluerock Residential Growth REIT (BRG) Enters into Agreement for Sale of 23Hundred@Berry Hill
New York, NY – Today Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) (the “Company”) filed a Current Report on Form 8-K with the Securities and Exchange Commission announcing that 23Hundred, LLC, in which the Company holds an indirect equity interest, along with the other tenant-in-common owners of a 266-unit apartment community in Nashville, Tennessee known as 23Hundred@Berry Hill (the “Berry Hill Property”) have entered into a Purchase and Sale Agreement dated as of December 10, 2014 for the sale of the Berry Hill Property to an unaffiliated third party purchaser.
About Bluerock Residential Growth REIT, Inc.
Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) is a real estate investment trust formed to acquire a diversified portfolio of institutional-quality apartment properties in demographically attractive growth markets throughout the United States. The Company has elected to be taxed as a real estate investment trust (REIT) for U.S. federal income tax purposes. Please visit the Company’s website at www.bluerockresidential.com.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements are based upon the Company’s present expectations, but these statements are not guaranteed to occur. Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. Investors should not place undue reliance upon forward-looking statements. For further discussion of the factors that could affect outcomes, please refer to the “Risk Factors” attached as Exhibit 99.1 to Form 8-K filed by the Company with the U.S. Securities and Exchange Commission (“SEC”) on November 18, 2014, and subsequent filings by the Company with the SEC.
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