News & Media

Bluerock Commences Development of The Charles with $86 Million Loan from Starwood Property Trust

February 5, 2013 / Press Release

Bluerock Real Estate announced today that it has closed an $86 million construction loan with Starwood Property Trust, the nation’s largest commercial mortgage real estate investment trust. The funds will be used to construct a 31-story luxury condominium development known as “The Charles,” located on...

Renter Nation: The Incredible Housing Story Nobody Is Talking About

January 25, 2013 / Industry Headlines

Most people thought it might never happen, much less happen in five short years. The housing sector is back in the United States. After going through its darkest hour, people are buying houses again and investors are making money from dividends and capital gains. Last month in...

Bluerock Enhanced Multifamily Trust Buys Majority Stake in MDA City Apartments

January 9, 2013 / Bluerock News

A New York investor has acquired a majority stake in a 190-unit East Loop apartment building, one of several downtown multifamily deals completed in the waning days of 2012. The Bluerock Enhanced Multifamily Trust Inc. paid $9.8 million in December for a 56.5 percent interest in...

BEMT Announces Estimated Net Asset Value of $10.04 Per Share

January 3, 2013 / Press Release

Bluerock Enhanced Multifamily Trust, Inc. (“BEMT” or the “Company”) today announced an estimated net asset value of the Company’s common stock of $10.04 per share as of December 17, 2012, based on independent appraisals of its real estate assets. The estimated per share value is...

Multi-Housing News Features Reserve at Creekside in Chattanooga, TN

December 5, 2012 / Bluerock News

The Reserve at Creekside, managed by Hawthorne Residential Partners, has introduced a new level of apartment community living in Chattanooga. With its prime location just five minutes to the nearest shopping mall—and its wonderfully attentive staff—this community prides itself on being unique and welcoming. The Reserve...

BEMT Invests in 23Hundred at Berry Hill Development Project in Nashville, Tennessee

November 7, 2012 / Press Release

Bluerock Enhanced Multifamily Trust, Inc. (“BEMT”), announced today its investment in a 266‐unit Class A multifamily development project in the Berry Hill/Melrose neighborhood of Nashville, Tennessee, through a joint venture with Stonehenge Real Estate Group. The project, known as 23Hundred at Berry Hill, is BEMT’s...

Bluerock Sells The Stratford in San Antonio, Texas

October 30, 2012 / Bluerock Value Exchange Press Release

Bluerock Real Estate, LLC is announcing the sale of The Stratford apartments in San Antonio, Texas, a 269-unit apartment community acquired in December, 2008. The Property was purchased in a joint venture with The Lynd Company, as part of a three-property Texas portfolio acquired from...

BEMT Announces the Acquisition of Enders Place at Baldwin Park Located in Orlando, Florida

October 23, 2012 / Press Release

Bluerock Enhanced Multifamily Trust, Inc. (“BEMT” or the “Company”), announced today that it has acquired Enders Place at Baldwin Park, a multifamily community located in Orlando, Florida, through a joint venture with Waypoint Residential. Enders Place is one of several communities within the larger Baldwin...

BEMT Announces Reduction in Annual Asset Management Fee and Other Expense Savings Measures

October 17, 2012 / Press Release

Bluerock Enhanced Multifamily Trust, Inc. (“BEMT” or the “Company”) today announced that the Independent Members of the Board of Directors had approved a reduction in the Advisor’s Asset Management Fee to 0.65% from 1.0% per annum, which is expected to generate significant annual expense savings...

Bluerock Real Estate Sells Archstone Tech Ridge Apartments

September 21, 2012 / Press Release

Bluerock Real Estate, LLC (“Bluerock”) has announced the sale of the Archstone Tech Ridge Apartment Community in Austin, TX to a partnership of The Carlyle Group and the Carroll Organization. The 256-unit community was only 50% complete when Bluerock acquired it with development partner, Archstone,...