Bluerock Residential Growth REIT, Inc.
BRG-PC
New York Stock Exchange Arca25.00
USD
+0.01
- -
CIK
0001442626
Return %
Stock
S&P500
1Y
-0.36
15.98
3Y
2.29
62.25
5Y
2.29
67.55
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Robert Ramin Kamfar
- Sector
- Real Estate
- Industry
- REIT - Residential
- Address
- 1345 Avenue of the Americas New York City NY United States of America 10105
- CIK
- 0001442626
- Website
- bluerockresidential.com
- Similar Companies
- Business
- Bluerock Residential Growth REIT, Inc. (NYSE American: BRG-PC) is a real estate investment trust focused on acquiring, developing, and operating a diversified portfolio of institutional-quality, highly amenitized multifamily apartment communities in demographically attractive knowledge economy growth markets across the United States, including Atlanta, Phoenix, Orlando, Denver, and Austin. The company offers well-located garden-style properties with resort-style amenities, value-add improvements through off-market and relationship-based transactions; partnerships with regional owner/operators for operational enhancements; and a portfolio previously encompassing approximately 11,000 multifamily units and a loan book secured by 24 additional multifamily assets. Founded in 2008 and headquartered at 1345 Avenue of the Americas, 32nd Floor, New York, New York, BRG elects to be taxed as a REIT for U.S. federal income tax purposes and historically targeted renter-by-choice demographics in high-growth sunbelt and knowledge economy regions. In a major strategic transaction completed in late 2022, affiliates of Blackstone Real Estate acquired BRG in an all-cash deal valued at $3.6 billion at $24.25 per share, adding its core multifamily assets to Blackstone's portfolio while emphasizing high-quality properties with strong fundamentals. Concurrently, BRG executed a spin-off of its single-family rental business, distributing shares of the newly formed Bluerock Homes Trust, Inc. (NYSE American: BHOM), an externally managed REIT holding interests in approximately 3,400 homes across fast-growing U.S. markets. These changes marked a significant reorganization, delisting the common stock (BRG) while leaving preferred series such as the 7.625% Series C Cumulative Preferred Stock (BRG-PC) as ongoing securities traded on NYSE American. Post-acquisition, the multifamily operations continue under Blackstone management, aligning with enhanced operational standards for tenant and community benefit.