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Bluerock Residential REIT Lands $150M Credit Facility

The New York City-headquartered company states it plans to utilize the facility to fund future acquisitions, including two properties, which are currently under agreement and are expected to close in the fourth quarter of 2017.

By John Jordan | johnjordan | Updated on October 13, 2017

Ramin Kamfar, chairman and CEO, Bluerock Residential Growth REIT, Inc. Ramin Kamfar, chairman and CEO, Bluerock Residential Growth REIT, Inc.

NEW YORK CITY—Bluerock Residential Growth REIT, Inc. has secured its first credit facility valued at $150 million that also includes an accordion feature that increases the firm’s buying capacity to up to $250 million.

The New York City-headquartered company states it plans to utilize the facility to fund future acquisitions, including two properties, which are currently under agreement and are expected to close in the fourth quarter of 2017.

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