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.
Learn more about Bluerock on our Sponsor Focus page.
I have been using Blue Vault Partners for the past five years. I have found them to be a valuable, unbiased resource when it comes to evaluating and comparing non-traded REITs. The reports help me analyze which sponsors are doing a responsible job of managing their offerings. This allows me to limit my REIT recommendations to only the most competitive products, and then track those REITs throughout their life cycle.