Every 8-K that Bluerock Homes Trust, Inc. (BHM) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow BHM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BHM filings page.
Bluerock Homes Trust, Inc. (BHM) disclosed that on August 27, 2026 it provided a secured loan of $33,088,000 through its operating partnership to BR HPE Investment Co, LLC, a subsidiary of an affiliate of its external manager. The loan helped fund that entity’s purchase of Class II interests in a Delaware Statutory Trust that, via a sale-leaseback, acquired a 340,496 square foot Class A office and lab facility in Northern California for $330,777,000 under a 20.5-year bondable true lease guaranteed by an investment-grade technology company. The Trust’s acquisition was primarily financed with a $309,980,618 senior zero net cash flow credit tenant lease facility bearing a fixed coupon of 6.54%, with remaining capitalization from the Company’s loan and approximately $6,538,805 of common equity from Bluerock Asset Management. The Company’s loan carries a fixed coupon of 13.0% per annum, a 36‑month term, and is secured by a pledge of the borrower’s Class II interests, and is intended to be repaid from a syndication of Class I interests. The Company also provided a non-recourse carveout guaranty and hazardous materials indemnity on the senior facility, for which it will receive $125,000 per year up to an aggregate $625,000, and obtained indemnities from the DST manager for certain willful misconduct or gross negligence; the audit committee of independent directors approved the related-party arrangements.
Bluerock Homes Trust, Inc. describes how it paid part of its second-quarter 2026 base management fee in equity-linked units rather than entirely in cash under its existing Management Agreement. For Q2 2026, the board approved paying $210,000 of the quarterly Base Management Fee in long-term incentive plan units of its operating partnership, called C-LTIP Units, with the balance paid in cash.
On August 13, 2026, an aggregate of 24,649 C-LTIP Units were issued as this equity portion. Pursuant to prior salary elections by the Manager’s leadership and a directive from the Manager and its affiliate, the operating partnership issued 17,606 C-LTIP Units valued at $150,000 directly to Chief Executive Officer R. Ramin Kamfar and 7,043 C-LTIP Units valued at $60,000 directly to President Jordan Ruddy, in each case in satisfaction of the Manager’s reimbursement obligation for 80.0% of their respective Q2 2026 base salaries. The issuances were fully vested, made in reliance on Section 4(a)(2) and Regulation D, and the units may ultimately be redeemed for cash or, at the Company’s option after a one-year holding period, settled in Class A common stock.
Bluerock Homes Trust, Inc. completed additional dispositions within its Ballast single-family rental joint venture, where it holds a 95% interest. Between June 3, 2026 and August 11, 2026, the company sold its interest in 21 Ballast portfolio homes to unaffiliated third parties under multiple purchase and sale agreements, following earlier 2026 sales of 24 units.
The aggregate sales price for the additional 21 homes was approximately $7.1 million, generating aggregate net proceeds to Bluerock Homes Trust of approximately $6.4 million, after typical closing costs, prorations and adjustments. The company presents unaudited pro forma condensed consolidated financial statements to illustrate the effect of selling 14 units in the second quarter period and these additional 21 units as if they had occurred earlier.
On a pro forma balance sheet as of March 31, 2026, total assets decrease modestly from $1,142.9 million to $1,142.0 million, while cash and cash equivalents increase from $170.1 million to $180.9 million. For the three months ended March 31, 2026, pro forma rental revenues decline slightly, and the net loss attributable to common stockholders improves from $3.4 million to $3.1 million, with basic and diluted loss per share improving from $0.90 to $0.82. For 2025, pro forma adjustments show a small reduction in rental revenue and a marginally lower net loss attributable to common stockholders.
Bluerock Homes Trust, Inc. completed additional dispositions from its Golden Pacific single-family rental portfolio, in which it holds a 97% joint venture interest. Between May 28 and August 7, 2026, the company sold its interest in 26 single-family residential units in Indiana, Kansas and Missouri to unaffiliated third parties under multiple purchase and sale agreements for an aggregate sales price of approximately $7.2 million, generating approximately $6.4 million of net proceeds to the company, after typical closing costs and adjustments.
These sales follow earlier dispositions of 35 units in 2026, and unaudited pro forma condensed consolidated financial statements illustrate the effect as if all 61 units had been sold earlier. As of March 31, 2026, pro forma total net real estate investments decrease modestly while cash and cash equivalents increase. Pro forma Q1 2026 and full-year 2025 results show slightly lower rental revenues and similar net losses attributable to common stockholders, indicating only a minor earnings impact from the Golden Pacific unit sales.
Bluerock Homes Trust, Inc. entered into a Third Amendment to its Management Agreement with Bluerock Homes Manager, LLC and Bluerock Residential Holdings, L.P., approved on August 7, 2026 by the board of directors, including the independent directors. The amendment revises the definition of “Investment Transaction” so that, for purposes of the company’s Investment Guidelines, an Investment Transaction expressly includes a Financing Transaction. The board, including the independent directors, authorized and approved the company’s entry into the Third Amendment and concluded that its terms are fair, competitive and commercially reasonable and no less favorable to the company than similar agreements between unaffiliated parties under the same circumstances. Other than this definitional change, the Management Agreement remains unchanged from its prior form.
Bluerock Homes Trust, Inc. held its annual meeting of stockholders on June 10, 2026, where stockholders elected five directors and ratified the company’s independent auditor. Voting was based on Class A and high-vote Class C common stock.
As of the April 10, 2026 record date, 4,105,568 shares of Class A common stock and 8,489 shares of Class C common stock were outstanding, resulting in 4,114,057 common shares deemed outstanding and entitled to vote. A total of 3,643,566 shares were represented in person or by proxy, reflecting 80.43% participation.
All five director nominees—R. Ramin Kamfar, I. Bobby Majumder, Romano Tio, Elizabeth Harrison, and Kamal Jafarnia—received more votes “for” than “withheld,” and Grant Thornton LLP was ratified as the independent registered public accounting firm for 2026 with a strong majority of votes cast in favor.
Bluerock Homes Trust, Inc. sold its interest in 24 single-family homes in the Ballast portfolio in Arizona, Colorado, and Washington for an aggregate sales price of about $8.5 million, generating approximately $7.8 million of net proceeds to the company.
The homes were held through a joint venture in which Bluerock owns 95%. Unaudited pro forma statements show slightly lower rental revenue and expenses and modestly reduced net losses for 2025 and the first quarter of 2026, while cash increases and total assets change only marginally.
Bluerock Homes Trust reported that it has sold its interest in 35 single-family homes from the Golden Pacific portfolio in Indiana, Kansas and Missouri to unaffiliated buyers. The total sales price was about $9.0 million, generating approximately $8.1 million in net proceeds for the company.
Unaudited pro forma financials show only modest changes from these sales. For the quarter ended March 31, 2026, rental revenues decrease slightly and net loss attributable to common stockholders widens from $3.4 million to about $3.5 million, with basic and diluted loss per share moving from $0.90 to $0.91.
Bluerock Homes Trust, Inc. reported that a portion of its Q1 2026 base management fee was paid in long-term incentive units rather than entirely in cash. The Board approved using C-LTIP Units of its operating partnership, valued at $210,000, for part of the fee.
Under prior salary elections, the company caused the operating partnership to issue 13,624 C-LTIP Units to Chief Executive Officer R. Ramin Kamfar (valued at $150,000) and 5,450 C-LTIP Units to President Jordan Ruddy (valued at $60,000). These 19,074 fully vested units may later convert into operating partnership units and ultimately into Class A common stock or cash.
Bluerock Homes Trust, Inc. granted new long-term equity awards tied to 2025 performance. On April 1, 2026, the company issued an aggregate of 108,699 long-term incentive plan units (LTIP Units) in its operating partnership and 84,055 shares of Class A common stock as restricted stock grants.
The awards were allocated among certain members of the manager’s executive team and other personnel as annual long-term equity incentive grants under the Amended and Restated Equity Incentive Plan for Individuals. Both the LTIP Units and restricted shares vest ratably over three years from April 1, 2026.
Once vested and upon capital account equivalency, LTIP Units may convert into operating partnership units, which can be redeemed for cash or, at the company’s option after a one-year holding period, settled in Class A common stock on a one-for-one basis. Holders receive distributions on both LTIP Units and restricted shares from the grant date, whether or not vested.
Bluerock Homes Trust, Inc. updates investors on its leadership, board structure, ownership, compensation programs and related-party arrangements, and incorporates this information into its effective Form S-11 registration statement and 2025 Form 10-K.
The company is externally managed and paid its Manager a $10.5 million base management fee for 2025, plus $4.0 million of operating expense reimbursements and $0.6 million of direct expense reimbursements. Independent directors receive annual cash retainers of $50,000 and equity retainers of $75,000, with additional committee and leadership fees.
As of March 6, 2026, directors and named executive officers collectively beneficially owned 2,959,926 equivalent units of Class A and Class C common stock, OP Units and LTIP Units, representing 22.95% of total vested ownership units, while several institutional holders each owned more than 5% of Class A common stock. The filing also details equity incentive plan capacity, anti‑hedging and pledging policies, a clawback policy, and confirms Grant Thornton LLP as independent auditor with 2025 audit fees of $674,000.
Bluerock Homes Trust, Inc. reported that its board approved paying part of the Q4 2025 base management fee to its external manager in long-term incentive plan units of its operating partnership, called C‑LTIP Units, instead of entirely in cash.
The manager calculated that 22,252 Q4 Base Management Fee C‑LTIP Units, valued at $210,000, would be issued for Q4 2025. Under prior salary elections by the manager’s executives, the company caused the operating partnership to issue 15,894 C‑LTIP Units to CEO R. Ramin Kamfar and 6,358 C‑LTIP Units to President Jordan Ruddy on February 18, 2026, in lieu of cash reimbursement for 80% of their Q4 2025 base salaries.
The units were fully vested at issuance, may convert into operating partnership units once capital accounts are equivalent, and can then be redeemed for cash or, at the company’s option after a one‑year holding period, settled in Class A common stock. The issuances relied on Section 4(a)(2) and Regulation D exemptions, and both executives are accredited investors.
Bluerock Homes Trust, Inc. has authorized a new share repurchase plan for up to $10.0 million of its outstanding Class A common stock. The program is scheduled to begin on March 1, 2026 and run through February 28, 2027, though it may be discontinued at any time.
Repurchases are expected to be made through open market transactions, subject to market conditions, price limits and other conditions. The company states that purchases will follow the method, timing, price and volume requirements of Rule 10b-18 and remain subject to Rule 10b-5 under the Exchange Act.
Bluerock Homes Trust reported that its board has set an estimated value per share for its Series A redeemable preferred stock at $25.00 plus accreted dividends, as of September 30, 2025. This figure is intended primarily to help broker-dealers satisfy FINRA customer account statement rules.
The company engaged independent valuation firm Kroll, LLC to estimate the “as-is” market value of a 22‑investment residential real estate portfolio using primarily an income capitalization approach, supported by sales comparisons. Kroll’s analysis, combined with cash and other balance sheet items, indicated that the company’s adjusted portfolio equity substantially exceeds the Series A preferred stock liquidation value of approximately $152.2 million.
Based on this relationship, the board concluded that holders of the Series A preferred stock should use $25.00 plus accreted dividends as the estimated value per share. Bluerock emphasizes that this is a non‑GAAP, unaudited estimate, heavily dependent on valuation assumptions and not a guarantee of resale price, trading value, or ultimate liquidation proceeds.
Bluerock Homes Trust, Inc. reported that on January 1, 2026 it granted 7,824 long-term incentive plan units (LTIP Units) of its operating partnership to each of four non-employee directors: Elizabeth Harrison, Kamal Jafarnia, I. Bobby Majumder, and Romano Tio as the equity portion of their annual retainers. These LTIP Units were issued under the company’s Amended and Restated Equity Incentive Plan for Individuals and are fully vested on issuance.
The LTIP Units may convert into operating partnership units once their capital accounts match existing operating partnership units, and those units can then be redeemed for cash or, after a one-year holding period, settled at the company’s option in Class A common stock on a one-for-one basis. Holders of these LTIP Units will receive distribution equivalents whenever the company pays distributions on its Class A common stock. The issuances relied on private offering exemptions under Section 4(a)(2) and Regulation D, with no general solicitation or advertising.
Bluerock Homes Trust, Inc. has acquired a 264-unit residential community known as District at Parkview in Stone Mountain, Georgia for approximately $66.6 million through a structured investment. The company invested about $21.3 million in BHM Parkview Investment Co, LLC, while an affiliate co-investor contributed about $9.7 million, resulting in ownership stakes of approximately 68.63% and 31.37%, respectively, in the depositor entity.
The Parkview acquisition was funded with roughly $31.0 million of gross equity from the depositor, inclusive of closing costs, and a $38.6 million senior mortgage loan from Fannie Mae to the Parkview DST. Bluerock Homes Trust states that required financial statements and pro forma financial information for the acquired property will be filed by amendment on or before March 10, 2026.
Bluerock Homes Trust (BHM) issued equity-based compensation for services. The Board approved paying part of the Q3 2025 Base Management Fee in Operating Partnership C‑LTIP Units valued at $210,000, with the balance paid in cash. On November 11, 2025, an aggregate of 22,332 C‑LTIP Units was issued, calculated using the five‑day average closing price of Class A common stock prior to issuance.
Per a directive aligning with prior salary elections, the Company caused the Operating Partnership to issue 15,951 units to CEO R. Ramin Kamfar (valued at $150,000) and 6,381 units to President Jordan Ruddy (valued at $60,000). The units were issued in reliance on Section 4(a)(2) and Regulation D, are fully vested, may convert to OP Units upon capital account equivalency, and may later be redeemed for cash or, at the Company’s option after a one‑year holding period, settled in Class A common stock. Holders receive distribution equivalents when common dividends are paid.
Bluerock Homes Trust, Inc. disclosed the acquisition of a 100% ownership interest in a property for a purchase price of $88.5M, which the company consolidated on its balance sheet. The acquisition included $3.0M of capitalized acquisition costs (with a $2.2M acquisition fee payable to a related party, BR Skytop DST Manager, LLC), a $57.5M senior loan and $22.0M borrowed under its KeyBank credit facility.
The senior loan bears interest at a fixed 4.98% and matures in October 2035; the carrying value includes approximately ($1.8M) of deferred financing costs. Property management fees are calculated at the greater of 2.50% of monthly property revenues or $8,500 monthly (the company used 2.50%), and asset management fees equal 0.20% p.a. of the $88.5M purchase price (prorated for six months ended June 30, 2025). Depreciation and amortization policies and the amortization period for a tax abatement (159 months) are disclosed. The auditor’s procedures and going-concern evaluation language are included.
Bluerock Homes Trust, Inc. disclosed that its Chief Strategy Officer, James G. Babb, III, has informed the company he intends to resign from his position effective December 31, 2025. The notice was given on September 29, 2025, providing several months of transition time.
The company states that Mr. Babb’s decision is personal and that his resignation does not stem from any disagreement with Bluerock Homes Trust regarding its financials, operations, policies, or practices. This language is meant to reassure investors that the departure is not tied to underlying disputes about how the business is being run.
Bluerock Homes Trust, Inc. reported that its board approved paying part of the Q2 2025 base management fee in long-term incentive plan units of its operating partnership (C-LTIP Units) instead of cash. The portion allocated to units was valued at $210,000. Under prior salary elections by its manager’s executives, the company directed most of these units to them.
On August 19, 2025, an aggregate of 16,012 C-LTIP Units were issued, with 11,437 units valued at $150,000 issued to Chief Executive Officer R. Ramin Kamfar and 4,575 units valued at $60,000 issued to President Jordan Ruddy, each representing 80.0% of their Q2 2025 base salaries from the manager’s affiliate. The units were fully vested, may convert into OP Units once capital accounts align, and can later be redeemed for cash or, at the company’s option after a one-year holding period, settled in Class A common stock. The issuances relied on private-offering exemptions and were made to accredited investors with pre-existing relationships.