Bluerock Residential Growth REIT, Inc.
BRG-PD
New York Stock Exchange Arca25.01
USD
+0.01
- -
CIK
0001442626
Return %
Stock
S&P500
1Y
-0.04
15.98
3Y
2.62
62.25
5Y
2.62
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-PD) is a real estate investment trust that acquires, owns and operates well-located, institutional-quality multifamily apartment properties in demographically attractive growth markets throughout the United States, including the Southeast, Southwest and Mountain West regions such as Atlanta, Phoenix, Orlando, Denver and Austin; the company focuses on highly amenitized live/work/play garden-style apartment communities appealing to knowledge economy renters by choice, utilizing value-add strategies including property renovations, operational improvements and partnerships with regional owner-operators to drive funds from operations and net asset value growth; its portfolio historically encompassed approximately 11,000 units across 30 properties along with a loan book secured by 24 multifamily assets prior to recent transactions. Founded in 2008 as a Maryland corporation and electing REIT status for U.S. federal income tax purposes, Bluerock Residential Growth REIT, Inc. is headquartered at 1345 Avenue of the Americas, 32nd Floor, New York, NY 10105, and operates as a subsidiary of Bluerock Multifamily Advisor, LLC. In 2022, affiliates of Blackstone Real Estate completed a $3.6 billion all-cash acquisition of the company at $24.25 per share following shareholder approval, adding its multifamily assets to Blackstone's portfolio; concurrently, the company executed a spin-off of its single-family rental business to shareholders, forming Bluerock Homes Trust, Inc. (NYSE American: BHM) as a separate externally managed REIT; the BRG-PD ticker represents the company's Series D Preferred Stock, which continues to trade post-transaction reflecting ongoing obligations related to its preferred equity structure.