Bluerock Homes Trust, Inc. filings document the formal disclosure record for an externally managed residential REIT with Class A common stock listed on NYSE American under BHM. The filings identify its Maryland corporation structure, operating partnership, external manager, common and redeemable preferred stock, and REIT-related equity and governance arrangements.
Recent disclosures include proxy materials for director elections and stockholder voting, Form 8-K reports on LTIP Unit grants, securities issued for services, share repurchase authorizations, preferred stock valuation, registration statement updates and completed property acquisition activity. They also record capital-structure details involving Class A and Class C common stock, Series A Redeemable Preferred Stock and operating partnership units.
Bluerock Homes Trust, Inc. reported an insider equity award involving derivative securities tied to its Class A common stock. A director received 7,824 long-term incentive plan (LTIP) units in Bluerock Residential Holdings, LP, the company’s operating partnership, with a transaction date of 01/01/2026. Following this grant, the reporting person beneficially owned 27,820 derivative securities.
The LTIP Units are fully vested. They may convert into operating partnership (OP) units once their capital account equals that of OP units held by the issuer. After conversion to OP units and a one-year holding period (including time already held as LTIP Units), they may be redeemed for cash or, at the issuer’s option, settled in shares of Bluerock Homes Trust’s Class A common stock on a one-for-one basis.
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) reported an officer transaction on 11/11/2025: the President acquired 6,381 LTIP Units as compensation-related awards.
The LTIP Units were issued in partial satisfaction of the company’s Base Management Fee to its Manager for Q3 2025 and to reimburse a portion of salary paid by an affiliate for services to the Manager. These units were fully vested upon issuance, may convert into OP Units upon capital account equivalency, and after a one-year holding period may be redeemed for cash or, at the Issuer’s option, settled one-for-one in Class A common stock.
Following the transaction, 200,294 derivative securities were beneficially owned in direct form.
Bluerock Homes Trust (BHM) reported an insider equity award. On 11/11/2025, the Chairman and CEO acquired 15,951 LTIP Units (Transaction Code A) under the company’s long‑term incentive plan.
According to the filing, these LTIP Units were issued in partial satisfaction of the issuer’s Base Management Fee to its Manager for Q3 2025 and to reimburse an affiliate for a portion of the CEO’s salary. The units were fully vested upon issuance, may convert to OP Units upon capital account equivalency, and thereafter may be redeemed for cash or, at the issuer’s option after a one‑year holding period, settled in Class A common stock on a one‑for‑one basis.
Following this grant, the reporting person beneficially owned 1,202,612 derivative securities directly.
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 (BHM) filed its Q3 2025 10‑Q. Total revenues were $16.6 million, up from $12.7 million a year ago. Net loss attributable to common stockholders was $3.6 million, or $(0.94) per share; for the nine months, loss was $8.6 million.
The company expanded its portfolio with two acquisitions: Skytop Apartments for $88.5 million (funded with a $57.5 million senior loan, $22.0 million from the KeyBank credit facility, and $13.0 million cash) and Southern Pines Reserve for $56.6 million (funded with a $30.7 million senior loan, $20.0 million from the KeyBank credit facility, and $8.9 million cash). As of September 30, 2025, consolidated operating investments were approximately 91.8% occupied.
Total assets were $1.093 billion, including cash and cash equivalents of $162.7 million. Mortgages payable were $393.9 million and revolving credit facilities $22.0 million. The company had 6.0% Series A Redeemable Preferred Stock of 6,087,829 shares outstanding (carrying value $136.9 million) and recorded preferred dividends of $2.4 million in the quarter. Operating cash flow for the nine months was $28.3 million; investing used $109.0 million and financing provided $132.8 million.
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.
Ruddy Jordan B., President and Director of Bluerock Homes Trust, Inc. (BHM), reported an issuance of 4,575 LTIP Units on 08/19/2025. The LTIP Units were issued in partial satisfaction of the issuer's Base Management Fee to Bluerock Homes Manager, LLC and to reimburse Bluerock Real Estate Holdings, LLC for a portion of the Reporting Person's salary for the quarter ended June 30, 2025. The LTIP Units were fully vested on issuance and may convert to OP Units when they reach capital account equivalency with existing OP Units; once converted they may be redeemed for cash or, at the issuer's option after a one-year holding period, settled one-for-one in the issuer's Class A common stock. Following the reported transaction, the Reporting Person beneficially owned 193,913 shares of Class A common stock. The Form was signed by an attorney-in-fact on 08/20/2025.