Publications

Bluerock Residential Growth REIT provides update on rent collections
Real Estate - JULY 21, 2020

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Bluerock Residential Growth REIT provides update on rent collections

by Released

Bluerock Residential Growth REIT (BRG) has provided a second quarter update on rent collections and occupancy.

Rent Collections and Occupancy

On a preliminary basis, for the second quarter of 2020, the company reported rent collections from its multifamily properties of 97 percent, including payment plans of 1 percent.

The company’s operating portfolio occupancy at June 30, 2020 increased month-over-month from 94 percent to approximately 95 percent.

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.

Forgot your username or password?