trending Market Intelligence /marketintelligence/en/news-insights/trending/FBiyMYnXSYOIxzD0vzOouQ2 content esgSubNav
In This List

Bluerock Residential halts 2 at-the-market preferred share offering agreements

Blog

Infographic: Key questions when assessing an Alternative Investment Funds (AIFs) creditworthiness

Blog

Perspectives from China: Chinese M&A in 2022

Blog

Headwinds slow global M&A in Q2’22

Blog

New Corporate Realities: The Next Generation of Managing Risk and Operations


Bluerock Residential halts 2 at-the-market preferred share offering agreements

Bluerock Residential Growth REIT Inc. ended its agreement with FBR Capital Markets & Co. and MLV & Co. LLC to sell up to $100.0 million of its 8.250% series A cumulative redeemable preferred shares in at-the-market offerings from time to time.

The company also terminated its at-the-market agreement with FBR to sell up to $36.0 million of its 7.625% series C cumulative redeemable preferred shares from time to time.

As of Sept. 30, Bluerock had sold 146,460 series A preferred shares, for net proceeds of about $3.6 million, and 23,750 series C preferred shares, for net proceeds of roughly $600,000.