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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Fri., Oct. 21, 4:05 PM

Slide #24. Bluerock Residential Growth REIT, Inc. Secondary Offering

Company: Bluerock Residential Growth REIT, Inc. (AMEX:BRG)
Date announced: 10/6/2016
Shares Offered: 2,700,000
Date of Pricing: 10/6/2016
Price Per Share: $25.00
Secondary Offering Details: Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) (the "Company") announced today the pricing of its public offering of 2,700,000 shares of its 7.125% Series D Cumulative Preferred Stock, liquidation preference of $25.00 per share (the "Series D Preferred Stock"), for total net proceeds of approximately $65.0 million after deducting underwriting discounts, commissions, and estimated offering expenses payable by the Company. The Company has granted the underwriters a 30-day option to purchase up to 405,000 additional shares to cover overallotments, if any. The offering is expected to close on October 13, 2016, subject to the satisfaction of customary closing conditions.

Bluerock Residential Growth REIT is a real estate investment trust. As of Dec. 31, 2015, Co., through joint venture partnerships, owned indirect equity interests in 20 real estate properties, (14 operating properties and six development properties), 12 of which are consolidated for reporting purposes.

BRG SEC Filing Email Alerts Service

Preferred: BRG.PRA

Open the BRG Page at The Online Investor »

Company Name:  Bluerock Residential Growth REIT Inc
Sector:  REITs
Number of ETFs Holding BRG:  19
Total Market Value Held by ETFs:  $8.88M
Total Market Capitalization:  $251.00M
% of Market Cap. Held by ETFs:  3.54%

Open the BRG Page at The Online Investor (in a new window) »

October 21, 2016    4:05 PM Eastern
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Strong Buy (4.00 out of 4)
88th percentile
(ranked higher than approx. 88% of all stocks covered)
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