Bluerock Residential On Track to be Net Acquirer in 2017
July 18, 2017 | REIT.com
Ramin Kamfar, chairman, president and CEO of Bluerock Residential Growth REIT, Inc. (NYSE: BRG), joined REIT.com for a video interview at REITWeek2017: NAREIT’s Investor Forum at the New York Hilton Midtown.
Kamfar said he expects Bluerock to be a net acquirer of properties this year. He pointed out that millennials are forming households at a rate of about 2 million a year. Of that group, 70 percent will rent and stay in rental properties for a period of 10 years or longer, he noted.
“That is a big tailwind for our industry and is going to generate a tremendous amount of demand over the next decade,” Kamfar said.
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The time (at Blue Vault's 2nd Annual Broker Dealer Educational Summit) proved extremely informative.