Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) announced the pricing of its public offering of 2,000,000 shares of 7.625% Series C Cumulative Redeemable Preferred Stock at $25.00 per share. The Company also granted the underwriters a 30-day option to purchase up to an additional 300,000 shares to cover any overallotments, which was fully exercised for total gross proceeds of $57.5 million. The Company intends to use the net proceeds of this offering for future acquisitions, investments in properties, and other general corporate and working capital purposes.

Janney Montgomery Scott served as the lead book-running manager on this transaction.

Bluerock Residential Growth REIT, Inc. is a real estate investment trust that focuses on acquiring a diversified portfolio of Class A institutional-quality apartment properties in demographically attractive 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 improvements to operations and properties. The Company generally invests with strategic regional partners, including some of the best-regarded private owner-operators in the United States, enabling the Company to operate as a local sharpshooter in each of its markets while enhancing its off-market sourcing capabilities.