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According to Bloomberg, Bluerock Residential Growth REIT (BRG) seeking strategic alternatives

  • December 26, 2021

POTENTIAL DEAL DETAILS

StockBluerock Residential Growth REIT, Inc.SymbolBRG
Date Announced09/16/2021Source Bloomberg
TypeNews Report
Date of Confirmation: 12/20/2021Price 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.

For more details view Deal Metrics

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.