POTENTIAL DEAL DETAILS
Stock | Bluerock Residential Growth REIT, Inc. | Symbol | BRG |
Date Announced | 09/16/2021 | Source | Bloomberg |
Type | News Report |
Date of Confirmation: | 12/20/2021 | Price at Confirmation: | $27.03 |
Potential Profit: | 143.51% | Annualized Profit: | 551.39% |
Bluerock Residential Growth REIT Inc., (BRG) a multifamily landlord, is exploring strategic options including an outright sale, according to people with knowledge of the matter.
Update(s):
December 20, 2021: Bluerock Residential Growth REIT, Inc. (BRG) announced that it has entered into a definitive agreement with affiliates of Blackstone Real Estate under which Blackstone will acquire all outstanding shares of common stock of BRG for $24.25 per share in an all-cash transaction valued at $3.6 billion.
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