M&A - Bluerock Homes Trust, Inc.

Form Type: 8-K

Filing Date: 2025-04-17

Corporate Action: Acquisition

Type: New

Accession Number: 000110465925035960

Filing Summary: On April 11, 2025, Bluerock Homes Trust, Inc. completed the disposition of its preferred equity investments in two projects: Indigo Cove and Wayford at Pringle. The Company, through its subsidiary BHM Preferred Holdings TRS, LLC, entered into a Contribution Agreement for each project. The Indigo Cove, an 82-unit development in South Carolina, was sold for approximately $4.18 million, while the Wayford at Pringle, a 102-unit townhome community in North Carolina, was sold for about $13.4 million. The sales were made to a Joint Venture with Bluerock Homes Manager, LLC, at amounts equal to the Company's funded amounts and accrued interest, factoring in a fee reimbursement for the Indigo Investment. These transactions are expected to impact the financial statements of the Company as reflected in the unaudited pro forma financials provided.

Form Type: 8-K

Filing Date: 2025-04-11

Corporate Action: Acquisition

Type: New

Accession Number: 000110465925033980

Filing Summary: On April 8, 2025, Bluerock Homes Trust, Inc. entered into a Purchase and Sale Agreement (PSA) with Hawthorne Pines, LLC to acquire a 272-unit apartment complex known as Hawthorne at the Pines in Aberdeen, North Carolina. The total purchase price is approximately $56.6 million, with standard provisions typical in real estate transactions. The completion of the acquisition is anticipated on or before April 24, 2025, subject to certain conditions and a potential extension of up to 5 calendar days. The document also includes forward-looking statements regarding the expectations related to this acquisition.

Form Type: 8-K/A

Filing Date: 2025-01-16

Corporate Action: Acquisition

Type: Update

Accession Number: 000110465925004088

Filing Summary: On January 16, 2025, Bluerock Homes Trust, Inc. filed an 8-K/A to amend the earlier Form 8-K dated October 31, 2024. This amendment presents financial statements for Amira at Westly, an apartment complex acquired by the Company. The attached financial statements include the consolidated balance sheet, statement of operations, changes in partners' equity, and cash flows for the year ended December 31, 2023. Amira JV LP, the entity managing the property, reported total assets of approximately $76.5 million, with significant investments in real estate. The acquisition was strategically aimed at enhancing the Company's portfolio, with a focus on operational performance under the asset management of Amira at Westly.