We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Bluerock Residential Growth REIT, Inc. (“Bluerock” or the “Company”) (NYSE: BRG), in connection with the proposed acquisition of the Company by affiliates of Blackstone Real Estate (“Blackstone”). Under the terms of the merger agreement, the Company’s shareholders will receive $24.25 in cash for each share of Bluerock common stock that they hold. Additionally, the Company's shareholders will receive shares of the newly formed real estate investment trust named Bluerock Homes Trust, Inc., with a current implied Net Asset Value estimated at $5.60 for each share of Company common stock. The transaction is valued at approximately $3.6 billion.
WeissLaw LLP is investigating whether (i) Bluerock’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the per-share merger consideration adequately compensates Bluerock’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.