Bluerock Residential Growth REIT, Inc. (BRG)

[SPORTSPROPHET]

Bluerock Residential Growth REIT (BRG) Prices Series A Preferred Stock Offering

NEW YORK, April 20, 2016 /PRNewswire/ -- Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) (the "Company") announced today the pricing of its public offering of 2,000,000 shares of its 8.250% Series A Cumulative Redeemable Preferred Stock, liquidation preference of $25.00 per share (the "Series A Preferred Stock"), for total net proceeds of approximately $48,025,000 after deducting underwriting discounts, commissions, and estimated offering expenses payable by the Company. The Company has granted the underwriters a 30-day option to purchase up to 300,000 additional shares to cover overallotments, if any. The offering is expected to close on or about April 25, 2016, subject to the satisfaction of customary closing conditions.

The Company's Series A Preferred Stock is listed on the NYSE MKT under the symbol "BRG-PrA." Shares of the Company's Class A Common Stock trade on the NYSE MKT under the ticker symbol "BRG."

The Company intends to use the net proceeds of the offering for future multifamily acquisitions and investments, and other general corporate and working capital purposes, which may include the repayment of indebtedness and the funding of capital improvements at its properties.

Wunderlich and Compass Point are serving as book-running managers for the offering. FBR and Janney Montgomery Scott are serving as co-lead managers for the offering.

The offering is being made pursuant to the Company's effective shelf registration statement filed with the U.S. Securities and Exchange Commission ("SEC") which became effective on January 29, 2016. Copies of the prospectus supplement and accompanying prospectus may be obtained from the SEC's website at www.sec.gov or by contacting: Wunderlich Securities, Inc., Attention: Equity Syndicate, 6000 Poplar Avenue, Suite 150, Memphis, Tennessee 38119, or by email at [e-mail] , or Compass Point Research & Trading, LLC, Equity Syndicate, 1055 Thomas Jefferson Street NW, Suite 303, Washington, D.C. 20007, or by email at [e-mail].

This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these shares or any other securities in any state in which such offer, solicitation or sale would be unlawful, prior to registration or qualification under the securities laws of any state.