An unknown buyer acquired The Reserve at Palmer Ranch from Bluerock Residential Growth REIT, Inc. (NYSEAM:BRG) for $57.6 million on June 10, 2021. Bluerock Residential Growth REIT net proceeds from the transaction was $16.6 million. With the addition of the property to the Strategic Portfolio, Bluerock Residential Growth REIT made an $11 million preferred investment in the Strategic Portfolio. An unknown buyer completed the acquisition of The Reserve at Palmer Ranch from Bluerock Residential Growth REIT, Inc. (NYSEAM:BRG) on June 10, 2021.