Bluerock Residential Growth REIT Inc (BRG) 2020年年度报告「NYSE」.pdf

1、Bluerock Residential Growth REIT is listed on the NYSE American Ticker:BRG,BRGpA,BRGpC,BRGpDAnnual Report 2020 Continued on page 2From the CEODear Fellow Shareholders:I begin this report with tremendous appreciation and thanks to our Bluerock team members,the business partners in our network and our

2、 service providers for their hard work,perseverance and professionalism during 2020.Despite the years many challenges,every member of the BRG team stepped forward with great dedication,creativity and diligence,enabling BRG to perform very well on behalf of our investors.A Strong Year for the REITThe

3、 REIT posted very strong operational results in 2020.We are pleased to report that BRGs total shareholder return was the highest among our multifamily peers,validating our emphasis on class A,affordable,first ring suburban apartments in knowledge-economy markets outside of the major gateway cities,t

4、o which many knowledge-economy workers are gravitating.This proved to be a resilient strategy during the turbulent months of lockdown and beyond.With good tailwinds supporting our approach,including favorable demographic trends and job growth in the knowledge-economy population,we have continued to

5、expand the portfolio and attract a tenant base of educated,well-compensated,knowledge workers.We remain steadfast in our focus on tapping the accelerating employment trends occurring outside of the gateway markets and targeting the continually-expanding communities of renters by choice.All of these

6、trends were identified as we established the REIT,and they continue to underlie our growth strategy.In particular,the de-urbanization sparked by the pandemic will likely continue,and could cause a more lasting transition into our core markets.A Strategic Response to the Crisis.and the Recovery BRG a