Bluerock Multifamily Growth REIT, Inc. declared monthly cash dividends on its Class A common stock for the first quarter of 2017, equal to a quarterly rate of $0.29 per share.  In addition, the company has declared monthly cash dividends on its Series B Redeemable Preferred Stock for the first quarter of 2017, equal to a quarterly rate of $15.00 per share. The Class A Common Dividends will be payable in cash as follows: $0.096666 per share to be paid on February 3, 2017 to Class A Common stockholders of record as of January 25, 2017; $0.096667 per share to be paid on March 3, 2017 to Class A Common stockholders of record as of February 24, 2017; and $0.096667 per share to be paid on April 5, 2017 to Class A Common stockholders of record as of March 24, 2017. The Series B Preferred Dividends will be payable in cash as follows: $5.00 per share to be paid on February 3, 2017 to Series B Preferred stockholders of record as of January 25, 2017; $5.00 per share to be paid on March 3, 2017 to Series B Preferred stockholders of record as of February 24, 2017; and $5.00 per share to be paid on April 5, 2017 to Series B Preferred stockholders of record as of March 24, 2017.