October 27, 2017 / 11:53 AM / in 2 months

BRIEF-Bluerock Residential acquires 300-unit multifamily community

Oct 27 (Reuters) - Bluerock Residential Growth Reit Inc

* Bluerock Residential Growth REIT acquires class A, 300-unit Springs at Greystone property in Birmingham, Al

* Bluerock Residential Growth REIT - acquired property for total purchase price of about $36.25 million, or approximately $121,000 per residential unit​

* Bluerock Residential Growth REIT-purchased property with equity investment of $17.4 million, using $21.2 million of REIT’s line of credit to finance remainder​ Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below