Bluerock Homes Trust Inc. (NYSE American: BHM) launched as an externally managed real estate investment trust focused on the single-family rental market.
The company’s common stock began trading on the New York Stock Exchange American as of Oct. 6, 2022, under the ticker “BHM.”
The listing of the company was effectuated through the spin-off of Bluerock Homes Trust from Bluerock Residential Growth REIT Inc. prior to its acquisition by Blackstone Real Estate.
BHM’s initial portfolio consists of interests in approximately 4,000 single-family homes, comprised of 2,300 operating homes, of which roughly 1,800 and 500 are scattered-site, clustered and build-to-rent, and 1,600 additional homes held through preferred equity and mezzanine loan investments, of which 500 are stabilized and 1,100 are under development and lease-up.
“The public listing of Bluerock Homes Trust is an exciting event for our shareholders,” said Ramin Kamfar, chairman and chief executive officer of Bluerock Homes Trust. “Our executive management team holds strong conviction regarding the single-family rental sector, and we are pleased to be able to separate these assets into a new, distinct public operating company to enable us to unlock the value creation potential tied to these homes. The substantial undersupply of housing and significant costs to homeownership generates long-term tailwinds for the single-family rental market and the opportunity to create quality affordable solutions for our renters.”
Bluerock is an alternative asset manager with approximately $15 billion of acquired and managed assets. The company is headquartered in Manhattan with regional offices across the U.S.