Bluerock Homes Trust Reports Sale of 45 Single‑Family Units

What Happened

• Bluerock Homes Trust, Inc. (BHM) filed an 8‑K on August 12, 2026 reporting it completed dispositions of its interests in 45 single‑family residential units in the Ballast portfolio (Arizona, Colorado, Washington). The Company holds a 95% interest in the joint venture that owned the portfolio.
• The dispositions consist of 24 units sold during Jan 1–Jun 2, 2026 (previously reported in the 8‑K filed June 8, 2026) and an additional 21 units sold during Jun 3–Aug 11, 2026. The additional 21 units sold for an aggregate sales price of approximately $7.1 million, with aggregate net proceeds to BHM of about $6.4 million.
• BHM also filed unaudited pro forma condensed consolidated financial statements reflecting these sales. The pro forma statements adjust the March 31, 2026 balance sheet (assuming certain disposals occurred March 31) and the statements of operations (assuming disposals occurred Jan 1 for the relevant periods).

Key Details

• Total units disposed: 45 single‑family units (24 + 21) from the Ballast portfolio.
• Sales proceeds for the 21 units (Jun 3–Aug 11, 2026): ≈ $7.1M gross; ≈ $6.4M net to BHM after closing costs/prorations.
• Pro forma balance-sheet impact (as of Mar 31, 2026): cash and cash equivalents increase by ≈ $10.8M; net real estate investments decrease by ≈ $11.8M.
• Pro forma operating impact: Q1 2026 pro forma net loss narrows from $(10.297)M to $(9.291)M (basic/diluted loss per share improves from $(0.90) to $(0.82)). The pro forma does not assume any reinvestment of sale proceeds.

Why It Matters

• The transactions convert real estate assets into cash, increasing BHM’s liquidity (cash up ≈ $10.8M on a pro forma basis) while reducing the size of its consolidated rental portfolio (net real estate down ≈ $11.8M).
• The immediate effect on revenue and net loss is modest per the unaudited pro forma statements; per‑share losses show a small improvement for the reported periods.
• Investors should note the company’s pro forma information does not reflect any subsequent reinvestment of proceeds and includes management assumptions; actual future results will depend on how proceeds are used and on market conditions.