Bluerock Homes Trust: reports disposition of 31 units for $6,600,000

What happened

• Bluerock Homes Trust, Inc. reported that it entered into a joint venture with an unaffiliated third party to acquire single-family residential units in Texas and the Southeast United States (the “ILE portfolio”), in which the Company holds a 95% interest, and that it completed the disposition of its interest in an aggregate of 31 single-family residential units during the period of Jan 1, 2026 through Oct 14, 2026.
• The dispositions were to unaffiliated third parties under multiple purchase and sale agreements. The aggregate sales price for the 31 units was approximately $6,600,000, subject to usual closing costs and adjustments, and aggregate net proceeds to the Company were approximately $2,000,000 after paydown of existing mortgage indebtedness.

Key details

• Company interest in joint venture: 95%.
• Units disposed: 31 units (29 units during the six months ended Jun 30, 2026; 2 units during Jul 1, 2026 through Oct 14, 2026, per the filing).
• Aggregate sales price: $6,600,000; aggregate net proceeds after mortgage paydown: $2,000,000.
• The company filed unaudited pro forma condensed consolidated financial statements reflecting the dispositions; pro forma effects include a $56,000 reduction in revenues for the six months ended Jun 30, 2026 and a $640,000 reduction in revenues for the year ended Dec 31, 2025. Reported loss per common share changed from $(1.80) to $(1.81) for the six months ended Jun 30, 2026 and from $(3.02) to $(2.92) for the year ended Dec 31, 2025 in the pro forma statements.

Why it may matter

• The 8-K reports Item 2.01 (completion of acquisition or disposition of assets) describing the sale of the Company’s interests in 31 ILE units and Item 9.01 (financial statements and exhibits) providing unaudited pro forma condensed consolidated financial statements that reflect those dispositions. The pro forma statements do not give effect to any subsequent reinvestment of the net proceeds and management notes the pro forma information may not be indicative of actual historical or future results. The filing does not explain why the company disposed of the units.