BRG - BRG STOCK NEWS

On September 19, 2022, Bluerock Residential Growth REIT (NYSE: BRG) announced its Board of Directors approved a spin-off of its single-family rental business into a new entity, Bluerock Homes Trust, Inc. (BHM), with the distribution expected on October 6, 2022. Shareholders will receive one share of BHM for every eight shares of BRG held as of September 29, 2022. Following the spin-off, BRG anticipates completing its acquisition by Blackstone Real Estate. This strategic move aims to streamline operations and enhance shareholder value.

Bluerock Residential Growth REIT (NYSE American: BRG) announced the suspension of voluntary redemptions for Series B and Series T Redeemable Preferred Stock, along with exercises of Company Warrants, effective September 23, 2022, ahead of its merger with Blackstone Real Estate. The merger is anticipated to close around October 6, 2022. Following the merger, Series B and Series T stocks will be redeemed at $1,000 and $25, respectively, plus accrued dividends. Warrants not exercised by the deadline will forfeit any rights to shares in the spin-off of Bluerock Homes Trust.

Bluerock Residential Growth REIT (NYSE: BRG) announced quarterly cash dividends for the third quarter of 2022. The dividends include $0.4765625 per share for the 7.625% Series C Preferred Stock and $0.4453125 per share for the 7.125% Series D Preferred Stock. Additionally, the Series B Preferred Stock will pay $15.00 per share and the Series T Preferred Stock will pay $0.384375 per share for September 2022. Payments will occur on October 5, 2022, for shareholders on record as of September 23, 2022.

Bluerock Residential Growth REIT, Inc. (NYSE American: BRG) has announced that its acquisition by Blackstone Real Estate is expected to close around October 6, 2022. This acquisition is contingent upon the completion of a spin-off of the Company's single-family rental business to its shareholders. Blackstone is a global leader in real estate investing, managing approximately $320 billion in investor capital. The completion of these transactions is subject to various closing conditions, and potential risks could impact the anticipated outcomes, including shareholder litigation and market reception.

Bluerock Residential Growth REIT (NYSE American: BRG) has declared monthly cash dividends for August 2022 on its Series B and Series T Redeemable Preferred Stock. The Series B Preferred Dividends are set at a quarterly rate of $15.00 per share, and the Series T Preferred Dividends at $0.384375. Both dividends will be payable on September 2, 2022, to stockholders of record as of August 25, 2022. The Series T shares will receive prorated dividends for partial month holdings.

Bluerock Residential Growth REIT (NYSE American: BRG) has declared cash dividends for July 2022 on its Series B and T Redeemable Preferred Stock. The Series B dividend is set at $15.00 per share, payable on August 5, 2022, to stockholders of record as of July 25, 2022. The Series T dividend is $0.384375 per share, also payable on August 5, 2022, with prorated amounts for partial holdings. These dividends highlight the company's commitment to returning value to its shareholders amidst ongoing market challenges.

Bluerock Residential Growth REIT (NYSE American: BRG) has declared a series of cash dividends for Q2 2022, including $0.1625 per share for Class A and Class C common stock, $0.4765625 for Series C preferred stock, and $0.4453125 for Series D preferred stock. Monthly dividends of $15.00 for Series B and $0.384375 for Series T preferred stock are also announced. All dividends are payable on July 5, 2022, to shareholders on record by June 24, 2022. The REIT focuses on acquiring and developing high-quality apartment communities in growth markets.

Bluerock Residential Growth REIT (NYSE: BRG) announced a monthly cash dividend for May 2022. The Series B Redeemable Preferred Stock will pay $5.00 per share, while the Series T Redeemable Preferred Stock will pay $0.384375 per share. Both dividends are payable on June 3, 2022, to stockholders of record as of May 25, 2022. These dividends reflect the company's ongoing commitment to providing income to shareholders amidst market challenges.

On April 12, 2022, Bluerock Residential Growth REIT (NYSE American: BRG) announced that stockholders approved its acquisition by Blackstone Real Estate affiliates. Following a spin-off of its single-family rental business into a new REIT, Bluerock Homes Trust, Inc., common stockholders will receive $24.25 in cash per share along with shares in the new trust. The deal is slated to close in Q2 2022, pending customary closing conditions. Post-acquisition, BRG's stock will no longer be publicly traded.