Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Sat, December 4, 2:43 AM
|This Slide: #285 of 573|
Slide #285. Bluerock Residential Growth REIT, Inc. — Preferred Stock Offering
Bluerock Residential Growth REIT, Inc. (AMEX:BRG)
Date of Pricing:
Price Per Share:
Preferred Stock Offering Details:
Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) (the "Company") announced today the pricing of its offering of 400,000 shares of its 8.250% Series A Cumulative Redeemable Preferred Stock, liquidation preference of $25.00 per share (the "Series A Preferred Stock") for total net proceeds of approximately $9.5 million after deducting placement agent fees and estimated offering expenses payable by the Company. The offering is expected to close on or about May 26, 2016, subject to the satisfaction of customary closing conditions. Compass Point Research & Trading, LLC served as placement agent for the offering.
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.
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Hold (2.00 out of 4)
(ranked lower than approx. 100% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com