BRG Series T Redeemable Preferred Stock

Available through Registered Investment Advisors and Independent Broker-Dealers Only

Bluerock Residential Growth REIT Inc., a Real Estate Investment Trust (REIT) whose common stock is listed on the New York Stock Exchange (NYSE American: BRG), is offering its Series T Redeemable Preferred Stock with the following features and benefits:

BRG-Series-T-Features

Investor Resources

BRG Brochure

BRG Series T Preferred Fact Sheet

Property Portfolio

Series T Prospectus Supplement

Series T Amendment No. 1 to Prospectus Supplement

Series T Redemption Form

Series T Subscription Agreement (Direct)

Subscription Agreement (DTC)

Change of Advisor/Broker-Dealer Form

Distribution Modification Form

Investor Change of Address Form

Computershare Transfer Form

Agent Wiring Instructions

2021 BRG Series T Closing Calendar (through May)

SEC Filings & Financial Reports

Supplemental Information

Quarterly 10-Qs

BRG Series T Investor Video

Documents herein are subject to change without notice.

Redemption Fee Schedule

The BRG Series T Preferred Stock CUSIP and Redemption Fee Schedules are updated every two weeks.
Please refer to the Closing Calendar to see the schedule for the calendar year.

CUSIP & Issue DateRedemption Fee Schedule
CUSIP #Issue Date12%9%6%3%0%
09630J8426/18/216/18/216/18/226/18/236/18/246/18/25
09630J8596/4/216/4/216/4/226/4/236/4/246/4/25
09630J8675/21/215/21/215/21/225/21/235/21/245/21/25
09630J8755/7/215/7/215/7/225/7/235/7/245/7/25
09630J8834/23/214/23/214/23/224/23/234/23/244/23/25
09630J8004/9/214/9/214/9/224/9/234/9/244/9/25
09630J7013/19/213/19/213/19/223/19/233/19/243/19/25
09630J6023/5/213/5/213/5/223/5/233/5/243/5/25
09630J5032/19/212/19/212/19/222/19/232/19/242/19/25
09630J4042/5/212/5/212/5/222/5/232/5/242/5/25
09630J3051/22/211/22/211/22/221/22/231/22/241/22/25
09630J2061/8/211/8/211/8/221/8/231/8/241/8/25
09627U42012/18/2012/18/2012/18/2112/18/2212/18/2312/18/24
09627U43812/4/2012/4/2012/4/2112/4/2212/4/2312/4/24
09627U44611/20/2011/20/2011/20/2111/20/2211/20/2311/20/24
09627U45311/6/2011/6/2011/6/2111/6/2211/6/2311/6/24
09627U46110/23/2010/23/2010/23/2110/23/2210/23/2310/23/24
09627U47910/9/2010/9/2010/9/2110/9/2210/9/2310/9/24
09627U4879/18/209/18/209/18/219/18/229/18/239/18/24
09627U4959/4/209/4/209/4/219/4/229/4/239/4/24
09627U5118/21/208/21/208/21/218/21/228/21/238/21/24
09627U5298/7/208/7/208/7/218/7/228/7/238/7/24
09627U5377/24/207/24/207/24/217/24/227/24/237/24/24
09627U5457/10/207/10/207/10/217/10/227/10/237/10/24
09627U5526/19/206/19/206/19/216/19/226/19/236/19/24
09627U5606/5/206/5/206/5/216/5/226/5/236/5/24
09627U5785/22/205/22/205/22/215/22/225/22/235/22/24
09627U5865/8/205/8/205/8/215/8/225/8/235/8/24
09627U5944/17/204/17/204/17/214/17/224/17/234/17/24
09627U6104/3/204/3/204/3/214/3/224/3/234/3/24
09627U6283/20/203/20/203/20/213/20/223/20/233/20/24
09627U6363/6/203/6/203/6/213/6/223/6/233/6/24
09627U6442/21/202/21/202/21/212/21/222/21/232/21/24
09627U6512/7/202/7/202/7/212/7/222/7/232/7/24
09627U6691/24/201/24/201/24/211/24/221/24/231/24/24
09627U6771/10/201/10/201/10/211/10/221/10/231/10/24
09627U68512/20/1912/20/1912/20/2012/20/2112/20/2212/20/23
09627U69312/6/1912/6/1912/6/2012/6/2112/6/2212/6/23

Sales Desk: 877.826.BLUE (2583)  /  Investor Relations: 888.558.1031

Risk Factors & Disclosures

* Payment of dividends is not guaranteed. Dividends have been paid on our Class A common stock since May 5, 2014. Such dividends were paid on a monthly basis at a quarterly rate of $0.29 per share through December 31, 2017 and at a quarterly rate of $0.1625 per share thereafter. From May 5, 2014 through December 31, 2020, we have paid total common stock dividends, including dividends reinvested through our dividend reinvestment plan, of $125,194,609, of which on a cumulative basis, approximately 14% 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 Redeemable Preferred Stock, Series C preferred stock, Series D preferred stock, and Series T Redeemable Preferred Stock. The Series A preferred stock carries an 8.25% stated dividend rate, the Series B Redeemable Preferred Stock carries a 6.00% stated dividend rate, the Series C preferred stock carries a 7.625% stated dividend rate, the Series D preferred stock carries a 7.125% stated dividend rate, and the Series T Redeemable Preferred Stock carries a 6.15% stated dividend rate. From May 5, 2014 through December 31, 2020, we have paid total preferred stock dividends of $174,976,485, all of which were paid from cash flows from operations.

Under Maryland law, redemption may be prohibited if BRG is insolvent. If we experience significant liquidity problems, we may not be able to fulfill our obligation to redeem Series T preferred stock when submitted for redemption. Redemptions may be paid in cash or in equal value of shares of the Company’s Class A Common Stock at the discretion of the Company. Holder’s estate may redeem for Stated Value upon death. Redemption price includes an amount equal to any accrued but unpaid dividends.

BRG Disclaimer
An investment in Bluerock Residential Growth REIT, Inc. (“BRG”) involves a high degree of risk. See the “Risk Factors” sections of the Prospectus Supplement and the accompanying Prospectus for a discussion of material risks related to an investment in BRG’s Series T Redeemable Preferred Stock, which include, but are not limited to, the following:

  • There is limited liquidity and no public market for the Series T Redeemable Preferred Stock and BRG does not intend to list them on a securities exchange.
  • If BRG’s Class A common stock is no longer listed on the NYSE American or another national securities exchange, BRG would be required to terminate the offering and could result in BRG raising gross proceeds substantially less than if the maximum offering is sold.
  • 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 BRG’s operating results.
  • BRG makes no guarantee that it will make distributions.
  • BRG’s management has broad discretion over the use of proceeds from the offering of the Series T Redeemable Preferred Stock, and investors will not be able to evaluate the economic or other merits of BRG’s investments made with such proceeds prior to BRG making them.
  • There are substantial conflicts of interest between BRG and its affiliates, including conflicts arising out of allocation of personnel to BRG’s activities, allocation of investment opportunities between BRG and investment vehicles of BRG’s affiliates, the purchase or sale of apartment properties, that might result in investment decisions that are not in the best interests of BRG’s stockholders.
  • Upon the sale of any individual property, holders of Series T Redeemable Preferred Stock generally do not have a priority over holders of BRG’s common stock regarding return of capital.
  • BRG’s charter contains various restrictions on the ownership and transfer of BRG’s securities.
  • After two years from the date of original issuance, BRG will be able to redeem the outstanding shares of Series T Redeemable Preferred Stock, without your consent, at 100% of the Stated Value per share, plus any accrued and unpaid dividends.
  • Maintenance of BRG’s exemption from registration under the Investment Company Act of 1940 and BRG’s REIT qualification impose significant limitations on BRG’s operations.
  • Holders of the Series T Redeemable Preferred Stock will have no voting rights or control over changes in BRG’s policies and operations. BRG’s board of directors may approve changes to BRG’s policies without your approval.
  • BRG’s qualification as a REIT depends upon BRG’s satisfaction of numerous regulatory limitations and qualifications.
  • BRG may fail to maintain BRG’s qualification as a REIT, which would result in higher taxes for BRG and reduced cash available for distribution to BRG’s stockholders.

Summary of Fees and Expenses: Investors will be subject to the following Fees and Expenses as part of the Offering: selling commissions, dealer manager fee, and other offering expenses. Please see the Prospectus Supplement and the accompanying Prospectus for a complete listing of all Fees and Expenses related to the Offering.

BRG has filed a registration statement on Form S-3 (No. 333-224990, the “Registration Statement”) with the Securities and Exchange Commission (the “SEC”), including a prospectus (the “Prospectus”), with respect to the securities BRG 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 T Redeemable Preferred Stock (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 T Redeemable Preferred Stock, and must be read in conjunction with these materials in order to fully understand the risks of an investment in the offering.

This material contains forward-looking statements that are subject to risks and uncertainties. These forward-looking statements include information about possible or assumed future results of BRG’s business, financial condition, liquidity, results from operations, plans and objectives. These forward- looking statements are based on BRG’s beliefs, assumptions and expectations of its future performance, taking into account all information currently available to BRG. You should not place undue reliance on these forward-looking statements. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to BRG, and BRG cannot guarantee that BRG will achieve any or all of these expectations.