Bluerock Residential Growth REIT Agrees to Invest in Class A 285-Unit Luxury Apartment Development Project in Atlanta

NEW YORK, May 8, 2015 /PRNewswire/ —¬†Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) (“BRG” or “the Company”) today announced that it has approved an investment of approximately $15.0 million in a joint venture to develop a Class A, 285-unit apartment community in Atlanta, Georgia, to be known as the Cheshire Bridge Apartments (“Cheshire Bridge”). Situated in a highly desirable location directly adjacent to Atlanta’s Buckhead and Midtown neighborhoods, Cheshire Bridge will be a five-story, luxury multifamily rental community on 3.88 acres. Total projected development costs are estimated at $48.2 million, or $169,000 per unit. READ MORE>>>