Bluerock Residential Growth REIT, Inc. (NYSEMKT:BRG) Files An 8-K Changes in Registrant’s Certifying Accountant
Item 9.01
(a)Former independent registered public accounting firm
On March 11, 2019, the Audit Committee of the Board of Directors (the Audit Committee) of Bluerock Residential Growth REIT, Inc. (the Company) approved the dismissal of BDO USA, LLP (BDO) as the Companys independent registered public accounting firm.
The audit reports of BDO on the Company’s consolidated financial statements for the Companys two most recent fiscal years ended December 31, 2018 and 2017 did not contain an adverse opinion or a disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope or accounting principles.
During the Companys two most recent fiscal years ended December 31, 2018 and 2017, and during the interim period through March 11, 2019, the Company did not have any disagreements with BDO, as that term is defined in Item 304(a)(1)(iv) of Regulation S-K under the Securities Exchange Act of 1934, as amended (the Exchange Act) and the related instructions to Item 304 of Regulation S-K, on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of BDO, would have caused BDO to make reference to the subject matter of the disagreements in its reports on the financial statements for such years.
During the Companys two most recent fiscal years ended December 31, 2018 and 2017 and during the interim period through March 11, 2019, there were no reportable events, as that term is defined in Item 304(a)(1)(v) of Regulation S-K under the Exchange Act, with respect to the Company.
The Company provided BDO with a copy of this Current Report on Form 8-K prior to its filing with the Securities and Exchange Commission (the SEC), and requested that BDO furnish a letter addressed to the SEC stating whether or not it agrees with the statements made in response to Item 304(a) of Regulation S-K and, if not, stating the respects in which it does not agree. The letter from BDO, dated March 13, 2019, is filed as Exhibit 16.1 to this Current Report on Form 8-K and incorporated by reference into this Item 9.01.
(b)New independent registered public accounting firm
On March 11, 2019, the Audit Committee approved the appointment of Grant Thornton LLP (Grant Thornton) to serve as the Companys independent registered public accounting firm to audit its consolidated financial statements for the fiscal year ending December 31, 2019, subject to completion of Grant Thorntons standard client acceptance procedures and execution of an engagement letter.
During the Companys two most recent fiscal years ended December 31, 2018 and 2017 and during the interim period through March 11, 2019, the Company has had no consultations with Grant Thornton concerning: (a) the application of accounting principles to a specific transaction, either completed or proposed, or the type of audit opinion that might be rendered on its financial statements as to which the Company received a written report or oral advice that was an important factor in reaching a decision on any accounting, auditing or financial reporting issue; (b) any matter that was the subject of a disagreement, as that term is defined in Item 304(a)(1)(iv) of Regulation S-K under the Exchange Act and the related instructions to Item 304 of Regulation S-K; or (c) any reportable event, as that term is defined in Item 304(a)(1)(v) of Regulation S-K.
| d) | Exhibits |
16.1Letter from BDO, LLP to the Securities and Exchange Commission dated March 13, 2019
Bluerock Residential Growth REIT, Inc. Exhibit
EX-16.1 2 tv516167_ex16-1.htm EXHIBIT 16.1 Exhibit 16.1 March 13,…
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About Bluerock Residential Growth REIT, Inc. (NYSEMKT:BRG)
Bluerock Residential Growth REIT, Inc. is a real estate investment trust. The Company’s business consists of investing in and operating multifamily communities. The Company operates through real estate assets segment. Its businesses are conducted through its operating partnership, Bluerock Residential Holdings, L.P. Its principal business objective is to generate risk-adjusted investment returns by assembling a portfolio of apartment properties located in growth markets and by implementing its investment strategies to achieve sustainable long-term growth in both its funds from operations and net asset value. The Company’s portfolio consists of interests in over 20 properties (over 10 operating and approximately six development properties). Its other acquired properties include Springhouse, North Park Towers, Alexan CityCentre, ARIUM Grandewood, Alexan Southside Place, Cheshire Bridge, Sovereign, Flagler Village and Lake Boone Trail.
