Bluerock Residential Growth REIT Inc (BRG) 2010年年度报告「NYSE」.pdf

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1、BEMTwasformedtoacquirediversifiedportfolioofrealestateandrealestate-relatedinvestmentswithprimaryfocusonwell-locatedinstitutionalqualityapaipropertieswithstrongandstablecashflowsCYttcfLc-JToOurValuedShareholders11007768AboutBluerockEnhancedMultifamilyTrustUBEMTJment-._ReceivedJUL07WashingtonDC20549L

2、ookingback2010representsthestartofsolidfoundationfortheBluerockEnhancedMultifamilyTrustWemademuchprogressinourfirstfullyearofoperationsandpassednumberofsignificantmilestonesincludingthefollowingWeacquiredinterestsinfouradditionalmultifamilypropertiesin2010bringingourtotalportfolioto fivedistinctprop

3、ertieswithownershipinterestsintotalof1323unitslocatedfivegeographicmarketshavingtotalportfoliovalueofmorethan$137millionWeachievedstrong operatingperformanceinourportfolioduetothe successfulexecutionofourbusinessplanweendedtheyearwith95%portfoliooccupancyinWeachievedstrongquarter-over-quarterrevenue

4、growthineachperiodin2010WeexpecttheresultstobereflectedinourbottomlineperformanceasweachieveandgrowbeyondcriticalmassWeupgradedtotheBigFouraccountingfirmofKPMGLLPThisstepwaspartofourcontinuingcommitmenttoensurethehighestpossiblelevelsoftransparencyoversightandaccountingguidancetpourinvestorsandstake

5、holdersWelyimplementedourstrategyofpartneringwithleadinglocal/institutionaloperatingcapitalalongsideoursinourinvestmentsThisstrategyprovidesyouinvestwitheadinglocal/institutionalmultifamilyoperatorsnationallyimentof interestthatisdistinctiveinthemarketplaceatemarkettheunderlyingfundamentalsforinvest

6、inginrystrongRentaldemandformultifamilycommunitiesandhomeownershiptreAdsisexpectedtoincreasesulyremainscothQddueto the lackofliquidityratescoupledwiththeopportunitiesforp9rtfolioin2011andthournetworkmeratethemostEnhancedngvaluetbeyondPortfolioSnapshotmultifamilyproperties1323units1.2millionsquarefee