Christopher Vohs Appointed Chief Accounting Officer of Bluerock Multifamily Growth REIT

Bluerock Multifamily Growth REIT (“BMG” and “the Company”) announced today the appointment of Christopher Vohs to serve as Chief Accounting Officer of the Company.

Mr. Vohs replaces Jerold Novack, who has stepped down as Senior Vice President and Chief Financial Officer of the Company. Mr. Novack retains his positions as Chief Financial Officer and Senior Vice President – Asset Management of the Company’s sponsor – Bluerock Real Estate, LLC (“Bluerock”) and will remain available to assist Mr. Vohs in his new role as the primary financial officer. Mr. Novack’s move will enable him to further focus on the continued growth of Bluerock.

“We have the utmost faith in Mr. Vohs assuming this position for the company,” said Dr. Randy Anderson, BMG’s CEO. “Not only does he have extensive REIT experience, he’s also worked closely with Mr. Novack for the past few years and is an expert on the company and its portfolio.”

Since July 2010, Mr. Vohs has served as the Chief Accounting Officer for BMG’s sponsor, Bluerock, and advisor, Bluerock Multifamily Advisor, LLC. (“BMA”), both of which are affiliates of the company. In his role as Chief Accounting Officer for Bluerock and BMA, Mr. Vohs has been responsible for the oversight of all financial recordkeeping and reporting aspects of those companies.

“BMG’s shareholders will be well-served by Mr. Vohs, given his working knowledge of the company and his prior experience,” said Jerold Novack, Bluerock’s Chief Financial Officer. “In addition, he has excellent relationships with BMG’s operating partners and its third-party, independent auditors.”

Previously, Mr. Vohs served as Corporate Controller for Roberts Realty Investors, Inc., a public multifamily REIT based in Atlanta, Georgia, from March 2009 to July 2010 where he was responsible for the accounting and financial reporting for the REIT. From October 2004 to March 2009, Mr. Vohs worked at Pulte Homes, a nationwide builder of single-family homes, in various financial roles, including as Internal Audit Manager & Asset Manager and later as Vice President of Finance for Pulte’s Orlando and Southeast Florida operations. As Vice President of Finance, Mr. Vohs was responsible for all finance, accounting, and administrative operations of the division.

About BMG
BMG is a publicly registered, non-traded real estate investment trust. For copies of BMG’s public company filings, please visit the U.S. Securities and Exchange Commission’s website at www.sec.gov.

BMG is sponsored by Bluerock Real Estate, LLC, a national investment firm providing institutional investments for individual investors.

Forward-looking Statements
This release contains certain forward-looking statements (under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). Forward-looking statements are statements that are not historical, including statements regarding management’s intentions, beliefs, expectations, representations, plans or predictions of the future, and are typically identified by such words as “believe,” “expect,” “anticipate,” “intend,” “estimate,” “may,” “will,” “should” and “could.” Because such statements include risks, uncertainties and contingencies, actual results may differ materially from those expressed or implied by such forward-looking statements. These risks, uncertainties and contingencies include, but are not limited to, the following: the financial performance of future acquisitions, uncertainties relating to changes in general economic and real estate conditions; the impact of current and future regulation; the uncertainties relating to the implementation of our real estate investment strategy; no guarantee as to future distributions; no guarantee as to the consummation of a liquidity event; and other risk factors as detailed from time to time in our periodic reports, as filed with the Securities and Exchange Commission. Forward-looking statements in this document speak only as of the date on which such statements were made, and we undertake no obligation to update any such statements that may become untrue because of subsequent events. We claim the safe harbor protection for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.