Bluerock Residential Growth REIT, Inc. provided a third quarter update on rent collections and occupancy.
Rent Collections and Occupancy
On a preliminary basis, for the third quarter of 2020, the Company reported rent collections from its multifamily properties of 97%, including payment plans of 1%.
The Company’s operating portfolio occupancy at September 30, 2020 was approximately 95.1%.
The Company’s continued stability is attributable to several factors, including the focus on knowledge economy markets, primarily in the south and west: the strategy to own Class A affordable luxury apartment communities; and a tenancy targeted towards knowledge economy renters by choice, including those employed in health care, technology, education, sciences, and finance, a demographic often characterized by healthier, more stable, wage-to-rent ratios.
Earnings Conference Call
Bluerock Residential Growth REIT, Inc. will release its financial results for the third quarter ended September 30, 2020 before the market opens on Thursday, November 5, 2020. The Company will host a conference call to discuss its financial results on Thursday, November 5, 2020 at 11:00 AM (Eastern Time). The call will include prepared remarks by management as well as a question and answer session.
Conference Call Details
Investors and analysts may pre-register for the webcast to receive a unique PIN to gain immediate access to the call and bypass the live operator. Pre-registration may be completed at any time, including up to and after the call start time, by accessing: https://dpregister.com/sreg/10148742/da9736da28.
Participants who would like to join the call but have not pre-registered can do so on the day of the event by dialing +1 (866) 843-0890 within the U.S., or +1 (412) 317-6597, and requesting the “Bluerock Residential Conference.” To submit a question to management during the call, participants must be logged in via telephone. Questions submitted in advance are welcome and may be sent via email to Josh Hoffman at firstname.lastname@example.org.
Details for the Replay of the Conference Call
The webcast will be available for replay on the Company’s website two hours after the call concludes, and will remain available through December 5, 2020. The webcast replay will be accessible through https://services.choruscall.com/links/brg201105.html, as well as by dialing +1 (877) 344-7529 in the U.S., or +1 (412) 317-0088 internationally, and requesting conference number 10148742.
About Bluerock Residential Growth REIT, Inc.
Bluerock Residential Growth REIT, Inc. 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.