Followers | 131 |
Posts | 10070 |
Boards Moderated | 0 |
Alias Born | 11/05/2009 |
Tuesday, December 20, 2016 7:12:06 PM
NEW YORK, Dec. 20, 2016 /PRNewswire/ -- Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) ("BRG" or the "Company") announced today that it has closed on the sale of its EOS Orlando Apartments property ("EOS"), located in Orlando, Florida. The property, which consists of 296 units, sold for $52 million, generating an internal rate of return of approximately 31% on BRG's equity investment in the project, for a return on equity of 1.8x.
"BRG continues to fulfill our commitment to strategic recycling of capital. We plan to redeploy capital from the EOS transaction into higher-growth assets located within our current target markets," said Ramin Kamfar, Chairman and CEO of BRG.
EVEN SPECULATION CAN TARNISH REPUTATION! - SP
FEATURED Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • Sep 24, 2024 8:50 AM
FEATURED Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM