Company: BHM
Filing Date: 2025-05-01
Form Type: 8-K
Source: 0001104659-25-043569
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Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-05-01
Form: 8-K
Item: Item 2.01
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ITEM 2.01      COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS  

Acquisition of Hawthorne Property

As
previously disclosed in the Form 8-K filed with the Securities and Exchange Commission (the “ SEC”) on April 11, 2025 by Bluerock
Homes Trust, Inc., a Maryland corporation (the “ Company”), on April 8, 2025, the Company, through BHM DST Acquisitions, LLC
(the “ Hawthorne Purchaser”), 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
a Purchase and Sale Agreement (the “ PSA”) with Hawthorne Pines, LLC, a Delaware limited liability company(the “ Hawthorne
Seller”), an unaffiliated seller, to acquire the Hawthorne Seller’s entire right, title and interest in a 272-unit apartment
complex known as Hawthorne at the Pines, located in Aberdeen, North Carolina (the “ Hawthorne Property”), for a total purchase
price of approximately $56.6 million, subject to certain prorations and adjustments typical in a real estate transaction.

On
April 28, 2025, the Company, through theHawthorne Purchaser, assigned the PSA to an entity wholly owned by BHM OP Holdings, LLC
(“ Assignee”), which Assignee further assigned the PSA to its wholly owned subsidiary, BR Churchill Downs, DST, a Delaware
statutory trust (the “ Hawthorne DST”), and the Hawthorne DST closed on the acquisition of the Hawthorne Property pursuant
to the PSA. The total purchase price paid for the Hawthorne Property was $56.6 million. The sale was based on arm’s length negotiations
with an unaffiliated seller.