Company: BHM
Filing Date: 2025-04-17
Form Type: 8-K
Source: 0001104659-25-035960
Chunk: 0

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-17
Form: 8-K
Item: Item 2.01
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ITEM 2.01      COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS  

The
disclosure below describes the disposition of the Company’s preferred equity investments in each of Indigo Cove and Wayford at Pringle. All figures provided below are approximate.

On
April 11, 2025 Bluerock Homes Trust, Inc., a Maryland corporation (the “ Company”), through BHMPreferred Holdings TRS,
LLC (the “ Contributor”), 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”), entered into
(i) a Contribution Agreement (the “ Indigo Contribution Agreement”) with an affiliate of the Company’s external manager,
Bluerock Homes Manager, LLC, a Delaware limited liability company (such affiliate, the “ Joint Venture”), for the sale of the
Company’s preferred equity investment in Indigo Cove, an 82-unit ground-up development project in Bluffton, South Carolina (the
“ Indigo Investment”) for net proceeds to the Company (exclusive of legal fees) of approximately $4.18 million, and (ii) a
Contribution Agreement (the “ Pringle Contribution Agreement”) with the Joint Venture for the sale of the Company’s preferred
equity investment in Wayford at Pringle, a 102-unit stabilized townhome community in Charlotte, North Carolina (the “ Pringle Investment”)
for net proceeds to the Company (exclusive of legal fees) of approximately $13.4 million.

Under the terms of each of
the Indigo Contribution Agreement and the Pringle Contribution Agreement, each of the Indigo Investment and the Pringle Investment were
sold to the Joint Venture for an amount equal to the Company’s currently funded amount and accrued interest outstanding with respect
to each of the Indigo Investment and the Pringle Investment, less (in the case of the Indigo Investment only) an origination fee reimbursement
of approximately $53,000.