PreferredStockChannel
Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Sat, April 1, 4:55 PM
| This Slide: #346 of 609 |
Slide #346. Bluerock Residential Growth REIT, Inc. — Preferred Stock Offering
Company:
Bluerock Residential Growth REIT, Inc. (AMEX:BRG)
Date announced:
10/16/2015
Shares Offered:
2,500,000
Date of Pricing:
10/16/2015
Price Per Share:
$25.00
Preferred Stock Offering Details:
Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) (the "Company") announced today the pricing of its public offering of 2,500,000 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 $60.1 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 375,000 additional shares to cover overallotments, if any. The offering is expected to close on October 21, 2015, subject to the satisfaction of customary closing conditions.
Bluerock Residential Growth REIT is a real estate investment trust. Co. owns interests in several real estate investments, consisting of consolidated operating investments and investments held through preferred equity, loan or ground lease 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) 69th percentile
(ranked higher than approx. 69% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com |
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