Bluerock Homes Trust Enters Material Definitive Agreement
Ticker: BHM · Form: 8-K · Filed: Nov 26, 2024 · CIK: 1903382
Sentiment: neutral
Topics: material-definitive-agreement, filing
TL;DR
Bluerock Homes Trust signed a big deal on Nov 20th. Details in the 8-K.
AI Summary
On November 20, 2024, Bluerock Homes Trust, Inc. entered into a Material Definitive Agreement. The filing also includes financial statements and exhibits related to this agreement. The company is incorporated in Maryland and its principal executive offices are located in New York.
Why It Matters
This filing indicates a significant new contract or partnership for Bluerock Homes Trust, which could impact its future operations and financial performance.
Risk Assessment
Risk Level: medium — Entering into a material definitive agreement can introduce new risks and opportunities that are not yet fully understood.
Key Players & Entities
- Bluerock Homes Trust, Inc. (company) — Registrant
- November 20, 2024 (date) — Date of earliest event reported
- Maryland (jurisdiction) — State of incorporation
- New York (location) — Address of principal executive offices
FAQ
What is the nature of the Material Definitive Agreement entered into by Bluerock Homes Trust, Inc.?
The filing states that Bluerock Homes Trust, Inc. entered into a Material Definitive Agreement on November 20, 2024, but the specific details of the agreement are not provided in the excerpt.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on November 20, 2024.
In which state is Bluerock Homes Trust, Inc. incorporated?
Bluerock Homes Trust, Inc. is incorporated in Maryland.
What is the address of Bluerock Homes Trust, Inc.'s principal executive offices?
The principal executive offices of Bluerock Homes Trust, Inc. are located at 1345 Avenue of the Americas, 32nd Floor, New York, NY 10105.
What is the company's telephone number?
The company's telephone number is (212) 843-1601.
Filing Stats: 869 words · 3 min read · ~3 pages · Grade level 14 · Accepted 2024-11-26 14:26:16
Key Financial Figures
- $0.01 — hich registered Class A Common Stock, $0.01 par value per share BHM NYSE America
- $92.0 million — a total purchase price of approximately $92.0 million. The Contribution Agreement contains p
Filing Documents
- tm2429530d1_8k.htm (8-K) — 28KB
- tm2429530d1_ex10-1.htm (EX-10.1) — 356KB
- 0001104659-24-123014.txt ( ) — 626KB
- bhm-20241120.xsd (EX-101.SCH) — 3KB
- bhm-20241120_lab.xml (EX-101.LAB) — 33KB
- bhm-20241120_pre.xml (EX-101.PRE) — 22KB
- tm2429530d1_8k_htm.xml (XML) — 4KB
01
ITEM 1.01 ENTRY INTO MATERIAL DEFINITIVE AGREEMENT Contribution Agreement for Acquisition of Allure Property On November 20, 2024, Bluerock Homes Trust, Inc., a Maryland corporation (the "Company"), through BHM Allure, LLC ("BHM Allure"), a Delaware limited liability company and wholly-owned subsidiary of the Company's operating partnership, Bluerock Residential Holdings, L.P., a Delaware limited partnership (the "Operating Partnership") and BR S2 Allure JV, a Delaware limited liability company and majority-owned subsidiary of the Operating Partnership ("Purchaser"), entered into a Contribution Agreement (the "Contribution Agreement") with S2 Allure REIT Subsidiary LLC, a Texas limited liability company ("S2 Subsidiary"), S2C REIT OP, LP, a Delaware limited partnership ("S2C REIT OP"), and S2 Allure BEVE LLC, a Delaware limited liability company, S2 Allure ARO LLC, a Delaware limited liability company, and S2 Allure VAU LLC, a Delaware limited liability company, and S2 Allure LLC, a Delaware limited liability company (collectively, the "S2 TIC Subsidiaries," and collectively with S2C REIT OP and S2 Subsidiary, the "Seller"), an unaffiliated seller, to acquire in fee simple a 350-unit apartment complex known as Allure at Southpark, located in Charlotte, North Carolina (the "Allure Property"), for a total purchase price of approximately $92.0 million. The Contribution Agreement contains provisions, representations, warranties, covenants and indemnities that are customary and standard for the real estate industry. Unless the Contribution Agreement is previously terminated, the acquisition of the Allure Property is expected to close on or about December 3, 2024. Various conditions to closing on the acquisition of the Allure Property remain to be satisfied, and there can be no assurance that we will complete the transaction on the general terms described above or at all. The foregoing description of the Contribution Agreement does not purport to be complete and is
01 FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits Exhibit Number Description 10.1 Contribution Agreement by and between BR S2 Allure JV, LLC, S2 Allure REIT Subsidiary LLC, S2C REIT OP, LP, S2 Allure BEVE LLC, S2 Allure ARO LLC, S2 Allure VAU LLC, and S2 Allure LLC, dated as of November 20, 2024 104 The cover page from this Current Report on Form 8-K, formatted in inline XBRL SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BLUEROCK HOMES TRUST, INC. Date: November 26, 2024 By: /s/ Christopher J. Vohs Christopher J. Vohs Chief Financial Officer and Treasurer