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Last update: Dec 20, 2021
NEW YORK, Dec. 20, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Bluerock Residential Growth REIT, Inc. ("Bluerock" or the "Company") (NYSE: BRG), in connection with the proposed acquisition of the Company by affiliates of Blackstone Real Estate ("Blackstone"). Under the terms of the merger agreement, the Company's shareholders will receive $24.25 in cash for each share of Bluerock common stock that they hold. Additionally, the Company's shareholders will receive shares of the newly formed real estate investment trust named Bluerock Homes Trust, Inc., with a current implied Net Asset Value estimated at $5.60 for each share of Company common stock. The transaction is valued at approximately $3.6 billion.
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