BLUEROCK RESIDENTIAL GROWTH REIT, INC.
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(Unaudited)
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June 30,
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December 31,
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2022
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2021
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ASSETS
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Net Real Estate Investments
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Land
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$
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307,341
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$
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287,406
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Buildings and improvements
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1,989,363
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1,894,745
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Furniture, fixtures and equipment
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95,102
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89,270
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Total Gross Real Estate Investments
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2,391,806
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2,271,421
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Accumulated depreciation
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(264,286)
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(224,123)
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Total Net Real Estate Investments
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2,127,520
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2,047,298
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Cash and cash equivalents
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244,924
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166,492
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Restricted cash
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30,807
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30,015
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Notes and accrued interest receivable, net
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23,118
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173,489
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Due from affiliates
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1,536
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711
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Accounts receivable, prepaids and other assets, net
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48,543
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43,108
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Preferred equity investments and investments in unconsolidated real
estate joint ventures, net
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165,556
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135,690
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In-place lease intangible assets, net
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97
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2,530
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Total Assets
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$
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2,642,101
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$
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2,599,333
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LIABILITIES, REDEEMABLE PREFERRED
STOCK AND EQUITY
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Mortgages payable
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$
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1,393,076
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$
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1,364,991
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Revolving credit facilities
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49,407
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—
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Accounts payable
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3,184
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3,824
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Other accrued liabilities
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50,095
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52,947
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Due to affiliates
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595
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599
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Distributions payable
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15,590
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15,345
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Total Liabilities
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1,511,947
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1,437,706
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8.250% Series A Cumulative Redeemable Preferred Stock, liquidation
preference $25.00 per share, 5,153,540 shares authorized; no shares
issued and outstanding as of June 30, 2022 and December 31,
2021
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—
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—
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6.000% Series B Redeemable Preferred Stock, liquidation
preference $1,000
per share, 1,225,000 shares authorized; 358,235 and 359,197 shares
issued and
outstanding as of June
30, 2022 and December 31, 2021, respectively
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338,444
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331,983
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7.625% Series C Cumulative Redeemable Preferred Stock, liquidation
preference $25.00 per share, 4,000,000 shares authorized; 2,295,845
shares issued and outstanding as of June 30, 2022 and December 31,
2021
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57,002
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56,823
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6.150% Series T Redeemable Preferred Stock, liquidation
preference $25.00
per share, 32,000,000 shares authorized; 28,235,362 and 28,272,134 shares
issued and
outstanding as of June
30, 2022 and December 31, 2021, respectively
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648,910
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643,428
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Equity
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Stockholders’ Equity
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Preferred stock, $0.01 par value, 203,621,460 shares authorized; no
shares issued and outstanding as of June 30, 2022 and December 31,
2021
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—
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—
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7.125% Series D Cumulative Preferred Stock, liquidation preference
$25.00 per share, 4,000,000 shares authorized; 2,774,338 shares
issued and outstanding as of June 30, 2022 and December 31,
2021
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66,867
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66,867
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Common stock - Class A,
$0.01 par value, 747,509,582 shares authorized; 30,410,316 and 27,257,586 shares
issued and
outstanding as of June
30, 2022 and December 31, 2021, respectively
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304
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273
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Common stock - Class C,
$0.01 par value, 76,603 shares
authorized; 67,933
and
76,603 shares
issued and
outstanding as of June
30, 2022 and December 31, 2021, respectively
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1
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1
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Additional paid-in-capital
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353,155
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344,003
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Distributions in excess of cumulative earnings
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(369,705)
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(327,270)
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Total Stockholders’ Equity
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50,622
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83,874
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Noncontrolling Interests
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Operating Partnership units
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(4,922)
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5,889
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Partially owned properties
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40,098
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39,630
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Total Noncontrolling Interests
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35,176
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45,519
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Total Equity
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85,798
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129,393
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TOTAL LIABILITIES, REDEEMABLE
PREFERRED STOCK AND EQUITY
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$
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2,642,101
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$
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2,599,333
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