Press Release

Bluerock Residential Growth REIT (BRG) Announces Second Quarter Dividends on Common Stock, 8.250% Series A Cumulative Redeemable Preferred Stock, 7.625% Series C Cumulative Redeemable Preferred Stock and 7.125% Series D Cumulative Preferred Stock

Company Release - 6/8/2018 3:30 PM ET

NEW YORK, June 8, 2018 /PRNewswire/ -- Bluerock Residential Growth REIT, Inc. (NYSE American: BRG) (the "Company") today announced that its Board of Directors has authorized and the Company has declared quarterly cash dividends on the Company's Class A common stock (the "Class A Common Stock") and the Company's Class C common stock (the "Class C Common Stock") for the second quarter of 2018, in each case in the amount of $0.1625 per share (collectively, the "Common Dividends").  In addition, the Board of Directors has authorized and the Company has declared a quarterly cash dividend on the Company's 8.250% Series A Cumulative Redeemable Preferred Stock (the "Series A Preferred Stock") for the second quarter of 2018, in the amount of $0.515625 per share (the "Series A Preferred Dividend").  In addition, the Company has declared a quarterly cash dividend on its 7.625% Series C Cumulative Redeemable Preferred Stock (the "Series C Preferred Stock") for the second quarter of 2018, in the amount of $0.4765625 per share (the "Series C Preferred Dividend").  Further, the Company has declared a quarterly cash dividend on its 7.125% Series D Cumulative Preferred Stock (the "Series D Preferred Stock") for the second quarter of 2018, in the amount of $0.4453125 per share (the "Series D Preferred Dividend").

 (PRNewsfoto/Bluerock Residential Growth REI)

The Common Dividends, the Series A Preferred Dividend, the Series C Preferred Dividend and the Series D Preferred Dividend will each be payable in cash on Thursday, July 5, 2018 to Class A Common stockholders, Class C Common stockholders, Series A Preferred stockholders, Series C Preferred stockholders and Series D Preferred stockholders of record (respectively) as of Monday, June 25, 2018.

About Bluerock Residential Growth REIT, Inc.
Bluerock Residential Growth REIT, Inc. (NYSE American: BRG) is a real estate investment trust that focuses on developing and acquiring a diversified portfolio of institutional-quality highly amenitized live/work/play apartment communities in demographically attractive knowledge economy growth markets to appeal to the renter by choice. The Company's objective is to generate value through off-market/relationship-based transactions and, at the asset level, through Core+ improvements to properties and operations. The Company is included in the Russell 2000 and Russell 3000 Indexes.  BRG has elected to be taxed as a real estate investment trust (REIT) for U.S. federal income tax purposes.

For more information, please visit the Company's website at: 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 set forth in Item 1A of the Company's Annual Report on Form 10-K filed by the Company with the U.S. Securities and Exchange Commission ("SEC") on March 13, 2018, and subsequent filings by the Company with the SEC. We claim the safe harbor protection for forward looking statements contained in the Private Securities Litigation Reform Act of 1995.

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SOURCE Bluerock Residential Growth REIT, Inc.