Bluerock Residential Growth REIT, Inc. provided a quarter-to-date update on rent collections and occupancy.
Rent Collections and Occupancy
On a preliminary basis, quarter-to-date for the second quarter of 2020, the Company reported rent collections from its multifamily properties of 97%, including payment plans of 1.5%.
The Company’s operating portfolio occupancy at May 31, 2020 remained unchanged month-over-month at approximately 94%. The Company believes this stable occupancy is reflective of its stated strategy of targeting highly amenitized, live/work/play apartment communities in knowledge-based job economies; such as health care, technology, education, sciences, and finance sectors.
REITweek Conference
The Company will present at NAREIT’s REITweek 2020 Virtual Investor Conference on Wednesday, June 3rd at 9:00 am ET. To listen to the presentation, interested parties need to register at www.reit.com.
About Bluerock Residential Growth REIT, Inc.
Bluerock Residential Growth REIT, Inc. (NYSE American: BRG) is a real estate investment trust that focuses on developing and acquiring a diversified portfolio of institutional-quality highly amenitized live/work/play apartment communities in demographically attractive knowledge economy growth markets to appeal to the renter by choice. The Company’s objective is to generate value through off-market/relationship-based transactions and, at the asset level, through value-add improvements to properties and to operations. The Company is included in the Russell 2000 and Russell 3000 Indexes. BRG has elected to be taxed as a real estate investment trust (REIT) for U.S. federal income tax purposes.
For more information, please visit the Company’s website at www.bluerockresidential.com.
