Bluerock Homes Trust Completes Asset Acquisition
Ticker: BHM · Form: 8-K · Filed: Dec 12, 2024 · CIK: 1903382
Sentiment: neutral
Topics: acquisition, assets
TL;DR
Bluerock Homes Trust just bought some assets, details TBD.
AI Summary
On December 6, 2024, Bluerock Homes Trust, Inc. reported the completion of an acquisition of assets. The filing does not disclose specific details regarding the acquired assets or the financial terms of the transaction.
Why It Matters
This filing indicates a strategic move by Bluerock Homes Trust to expand its asset portfolio, which could impact its future revenue streams and market position.
Risk Assessment
Risk Level: medium — The lack of specific details about the acquisition makes it difficult to assess the immediate financial impact and associated risks.
Key Players & Entities
- Bluerock Homes Trust, Inc. (company) — Registrant
- December 6, 2024 (date) — Date of earliest event reported
FAQ
What specific assets were acquired by Bluerock Homes Trust, Inc.?
The filing does not specify the exact nature of the assets acquired.
What was the financial value of the acquisition?
The filing does not disclose the dollar amount of the transaction.
Who was the seller in this asset acquisition?
The filing does not identify the counterparty in the transaction.
When did the acquisition officially close?
The acquisition was completed on December 6, 2024.
Are there any exhibits attached that provide more detail on the acquisition?
The filing indicates that exhibits are included, but the content of these exhibits is not detailed in the provided text.
Filing Stats: 1,426 words · 6 min read · ~5 pages · Grade level 14.9 · Accepted 2024-12-12 17:18:16
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. Acquisition of Allure Property On D
- $39.31 million — perty was funded with (i) approximately $39.31 million of gross equity from the Company (inclu
- $55.17 million — ginal principal amount of approximately $55.17 million (the "Allure Loan"). Senior Loan Finan
Filing Documents
- tm2430966d1_8k.htm (8-K) — 33KB
- 0001104659-24-128078.txt ( ) — 207KB
- bhm-20241206.xsd (EX-101.SCH) — 3KB
- bhm-20241206_lab.xml (EX-101.LAB) — 33KB
- bhm-20241206_pre.xml (EX-101.PRE) — 22KB
- tm2430966d1_8k_htm.xml (XML) — 4KB
01 COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS
ITEM 2.01 COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS The disclosure below describes our acquisition of the Allure Property. All figures provided below are approximate. As previously disclosed by Bluerock Homes Trust, Inc., a Maryland corporation (the "Company"), in its Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (the "SEC") on November 26, 2024, on November 20, 2024, 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, 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, "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. Acquisition of Allure Property On December 6, 2024, the Company, through BHM Allure and Purchaser, acquired the Allure Property from Seller for a total purchase price of approximately $92.0 million. The acquisition of the Allure Property was based on arm's length negotiations with an unaffiliated seller. In evaluating the Allure Property as a potential investment, a variety of factors were consi
01 FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS (a)
Financial Statements of Real Estate Acquired
Financial Statements of Real Estate Acquired Because it is impracticable to provide the required financial statements for the acquired real property described in Item 2.01 at the time of this filing and no financial on or before February 21, 2025 by amendment to this Current Report on Form 8-K. (b) Pro Forma Financial Information See paragraph (a) above. 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: December 12, 2024 By: /s/ Christopher J. Vohs Christopher J. Vohs Chief Financial Officer and Treasurer