RTTNews | Dec 20, 2021 09:48AM EST

09:48 Monday, December 20, 2021 (RTTNews.com) - Bluerock Residential Growth REIT Inc. (BRG) agreed to be acquired by Blackstone Real Estate for $24.25 per share in an all-cash transaction valued at $3.6 billion.

As per the terms of the deal, Blackstone will acquire 30 multifamily properties comprising approximately 11,000 units as well as a loan book secured by 24 multifamily assets. The majority of the properties are located in Atlanta, Phoenix, Orlando, Denver and Austin.

Completion of the acquisition is currently expected to occur in the second quarter of 2022.

Read the original article on RTTNews ( https://www.rttnews.com/3250573/bluerock-residential-agrees-to-be-acquired-by-blackstone-real-estate-in-3-6-bln-deal.aspx)

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