PreferredStockChannel
Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Sat, December 4, 2:51 AM
| This Slide: #276 of 573 |
Slide #276. Bluerock Residential Growth REIT, Inc. — Preferred Stock Offering
Company:
Bluerock Residential Growth REIT, Inc. (AMEX:BRG)
Date announced:
7/12/2016
Shares Offered:
2,000,000
Date of Pricing:
7/12/2016
Price Per Share:
$24.00
Preferred Stock Offering Details:
Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) (the "Company") announced today the pricing of its public offering of 2,000,000 shares of its 7.625% Series C Cumulative Redeemable Preferred Stock, liquidation preference of $25.00 per share (the "Series C Preferred Stock"), for total net proceeds of approximately $48.0 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 300,000 additional shares to cover overallotments, if any. The offering is expected to close on July 19, 2016, subject to the satisfaction of customary closing conditions.
Bluerock Residential Growth REIT is a real estate investment trust. Co. owns interests in real estate properties, consisting of consolidated operating properties and held through preferred equity and mezzanine loan investments.
Preferreds: BRG.PRA, BRG.PRD, BRG.PRC
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Avg. Broker Rec.
 
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Hold (2.00 out of 4) 0th percentile
(ranked lower than approx. 100% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com |
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