Bluerock to suspend voluntary redemptions of series B, T redeemable preferreds ahead of merger

By Wendy Van Sickle

Columbus, Ohio, Sept. 13 – Bluerock Residential Growth REIT, Inc., as part of a merger agreement with affiliates of Blackstone Real Estate, will suspend voluntary redemptions of its series B and series T redeemable preferred stock from the close of business on Sept. 23, according to a news release.

The merger is expected to close on or around Oct. 6.

The company will also suspend exercises of warrants to purchase shares of its common stock from the close of business on Sept. 23.

Bluerock is a New York-based real estate investment trust. Blackstone announced on Monday that it is buying Bluerock REIT for $3.6 billion.

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