Apartment REIT Bluerock Residential files for a $115 million IPO

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Bluerock Residential Growth REIT, which owns nine apartment properties in the Southeastern US, filed on Friday with the SEC to raise up to $115 million in an initial public offering. The New York, NY-based company, which was founded in 2008 and booked $28 million in sales (pro forma) for the 12 months ended September 30, 2013, plans to list on the NYSE under the symbol BRG. Wunderlich Securities is the sole bookrunner on the deal. No pricing terms were disclosed.

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