Bluerock Homes Trust Receives Notice of Effectiveness for Preferred Stock Offering

On June 29, 2023, Bluerock Homes Trust (NYSE: BHM) announced the company received a notice of effectiveness from the Securities and Exchange Commission regarding its 6.0% Series A Redeemable Preferred Stock offering.

Bluerock says the offering is for 20 million shares at a purchase price of $25.00 per share.

BHM was formed from Bluerock Residential Growth REIT following its sale to Blackstone, which was announced in December 2021 and closed in 2022.

BHM focuses on single family rentals homes and reported total assets of $642 million, including 4,160 homes held through ten consolidated operating investments and seven preferred equity investments, as of June 30, 2023. BHM had a market capitalization of approximately $61 million as of June 29, 2023.

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.

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