Bluerock Residential REIT prices IPO at $14.50


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Bluerock Residential Growth REIT, which owns nine apartment properties in the southeastern US, raised $48 million by offering 3.3 million shares at $14.50, below the expected $15.00 price. Bluerock Residential Growth REIT plans to list on the NYSE under the symbol BRG. Wunderlich Securities acted as the lead manager on the deal.

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This article appears in: News Headlines , IPOs

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