Le Lézard
Classified in: Business
Subjects: TDS, FVT

Bluerock Residential Growth REIT (BRG) Provides Update on Rent Collections - To Present at NAREIT's REITweek 2020


NEW YORK, June 2, 2020 /PRNewswire/ -- Bluerock Residential Growth REIT, Inc. (NYSE: BRG) (the "Company" or "BRG") today provided a quarter-to-date update on rent collections and occupancy.

Rent Collections and Occupancy

On a preliminary basis, quarter-to-date for the second quarter of 2020, the Company reported rent collections from its multifamily properties of 97%, including payment plans of 1.5%.   

The Company's operating portfolio occupancy at May 31, 2020 remained unchanged month-over-month at approximately 94%. The Company believes this stable occupancy is reflective of its stated strategy of targeting highly amenitized, live/work/play apartment communities in knowledge-based job economies; such as health care, technology, education, sciences, and finance sectors.

REITweek Conference

The Company will present at NAREIT's REITweek 2020 Virtual Investor Conference on Wednesday, June 3rd at 9:00 am ET. To listen to the presentation, interested parties need to register at www.reit.com.

About Bluerock Residential Growth REIT, Inc.
Bluerock Residential Growth REIT, Inc. (NYSE American: BRG) is a real estate investment trust that focuses on developing and acquiring a diversified portfolio of institutional-quality highly amenitized live/work/play apartment communities in demographically attractive knowledge economy growth markets to appeal to the renter by choice. The Company's objective is to generate value through off-market/relationship-based transactions and, at the asset level, through value-add improvements to properties and to operations. The Company is included in the Russell 2000 and Russell 3000 Indexes. BRG has elected to be taxed as a real estate investment trust (REIT) for U.S. federal income tax purposes.

For more information, please visit the Company's website at www.bluerockresidential.com 

Forward Looking Statements 

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements are based upon the Company's present expectations, but these statements are not guaranteed to occur.  Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. Investors should not place undue reliance upon forward-looking statements. For further discussion of the factors that could affect outcomes, please refer to the risk factors set forth in Item 1A of the Company's Annual Report on Form 10-K filed by the Company with the U.S. Securities and Exchange Commission ("SEC") on February 24, 2020, and subsequent filings by the Company with the SEC. We claim the safe harbor protection for forward looking statements contained in the Private Securities Litigation Reform Act of 1995.

SOURCE Bluerock Residential Growth REIT, Inc.


These press releases may also interest you

at 20:05
Q-Gold Resources Ltd. (the "Company") has granted a total of 1,375,000 stock options to certain officers, directors and consultants of the Company pursuant to the Company's stock option plan. The stock options vest immediately and may be exercised...

at 19:53
Tamarack Valley Energy ("Tamarack" or the "Company") is pleased to announce it has entered into a purchase agreement to acquire assets located in West Central, Alberta (the "Assets"). The Assets include approximately 2,500 boe/d (52% oil and natural...

at 19:40
Pomerantz LLP is investigating claims on behalf of investors of Wins Finance Holdings Inc. ("Wins" or the "Company") .  Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 7980. The...

at 19:36
President Andrés Manuel López Obrador recognized the Mexican businessmen who accompanied him on his tour of the United States to celebrate the entry into force of the T-MEC. The first president stressed that he attended the dinner of his friend...

at 19:32
Duvora has introduced an AI-driven video platform dedicated to virtual luxury home tours as a new way to meet the needs of affluent home buyers in a post COVID-19 world....

at 19:30
Pomerantz LLP is investigating claims on behalf of investors of NovaGold Resources Inc. ("NovaGold" or the "Company") .   Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 7980. The...



News published on 2 june 2020 at 17:30 and distributed by: