Preferred Stock Offering Details: |
Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) (the "Company") announced today the pricing of its public offering of 2,700,000 shares of its 7.125% Series D Cumulative Preferred Stock, liquidation preference of $25.00 per share (the "Series D Preferred Stock"), for total net proceeds of approximately $65.0 million after deducting underwriting discounts, commissions, and estimated offering expenses payable by the Company. The Company has granted the underwriters a 30-day option to purchase up to 405,000 additional shares to cover overallotments, if any. The offering is expected to close on October 13, 2016, subject to the satisfaction of customary closing conditions. |