Bluerock Residential Growth REIT (BRG) Announces Sale of Grove at Waterford

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On December 24, 2014, Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) (the “Company”) filed a Current Report on Form 8-K with the Securities and Exchange Commission announcing that BR Waterford Crossing JV, LLC, in which the Company holds an indirect equity interest, along with the other tenant-in-common owner of a 252-unit apartment community located in Hendersonville, Tennessee known as Grove at Waterford (the “Grove at Waterford Property”), has sold the Grove at Waterford Property to an unaffiliated third party purchaser.

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About Bluerock Residential Growth REIT, Inc.
Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) is a real estate investment trust formed to acquire a diversified portfolio of institutional-quality apartment properties in demographically attractive growth markets throughout the United States. The Company has elected to be taxed as a real estate investment trust (REIT) for U.S. federal income tax purposes. Please visit the Company’s website at http://www.bluerockresidential.com.

Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements are based upon the Company’s present expectations, but these statements are not guaranteed to occur. Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. Investors should not place undue reliance upon forward-looking statements. For further discussion of the factors that could affect outcomes, please refer to the “Risk Factors” attached as Exhibit 99.1 to Form 8-K filed by the Company with the U.S. Securities and Exchange Commission (“SEC”) on November 18, 2014, and subsequent filings by the Company with the SEC.

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Joshua Hoffman
Bluerock Real Estate
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