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

  • December 26, 2021

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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