Bluerock Residential Growth REIT (BRG) has provided a quarter-to-date update on rent collections and occupancy.
On a preliminary basis, quarter-to-date for the second quarter of 2020, the company reported rent collections from its multifamily properties of 97 percent, including payment plans of 1.5 percent.
BRG’s operating portfolio occupancy at May 31, 2020, remained unchanged month-over-month at approximately 94 percent. The company believes this stable occupancy is reflective of its stated strategy of targeting highly amenitized, live/work/play apartment communities in knowledge-based job economies, such as healthcare, technology, education, sciences and finance sectors.
