Bluerock plans $500 million preferred stock, warrants at 6%

By James McCandless

San Antonio, March 15 – Bluerock Residential Growth REIT Inc. plans to price a $500 million offering of $1,000-par redeemable preferred stock and warrants with a dividend of 6%, according to an FWP filing with the Securities and Exchange Commission.

Dividends will be payable monthly.

Bluerock is a New York-based real estate investment trust specializing in apartment communities.

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