Bluerock Residential Growth REIT Inc (BRG) 2019年年度报告「NYSE」.pdf

1、Bluerock Residential Growth REIT is listed on the NYSE American Ticker:BRG,BRGpA,BRGpC,BRGpDAnnual Report 2019 Continued on page 2From the CEODear Fellow Shareholders:2019 was another successful year for Bluerock Residential Growth REIT.We executed on our strategic objectives,accretively growing our

2、 portfolio of highly amenitized multi-family assets in knowledge economy growth markets,producing strong operational results and delivering on our value-add renovation plans.In addition,we were very active on the capital allocation front.We sold eight assets at attractive cap rates and recycled capi

3、tal into investments that we expect to stabilize at higher cap rates and contribute to earnings growth over the coming quarters.As we publish this letter,the COVID-19 pandemic continues to have wide-reaching economic implications.From the outset,BRGs first and highest priority has been the safety of

4、 our team and residents.We moved swiftly in early March to adopt measures aimed at protecting our staff and our tenants,while also establishing new protocols and innovations to support our communities and ensure that operations continued without interruption as conditions changed.Among these,we esta

5、blished immediate work-from-home and travel restriction protocols for employees,ahead of those required by the states,as well as daily cross-functional management briefings to get in front of potential challenges.We instituted comprehensive protections at the property level,including,among others,im

6、plementation of virtual leasing and tenant support,enhanced sanitizing,flexible payment options for tenants where needed,and the closure of non-essential amenity areas.To protect property cash flows,we managed lease expirations proactively,adjusting expirations to limit turnover exposure during the