UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| ITEM 1.01 | ENTRY INTO MATERIAL DEFINITIVE AGREEMENT |
Entry into Purchase and Sale Agreement for Acquisition of Hawthorne Property
On April 8, 2025, Bluerock Homes Trust, Inc., a Maryland corporation (the “Company”), through BHM DST Acquisitions, LLC (the “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 “Seller”), an unaffiliated seller, to acquire the 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.
The PSA contains provisions, representations, warranties, covenants and indemnities that are customary and standard for the real estate industry. Unless the PSA is previously terminated, the acquisition of the Hawthorne Property is expected to occur on or before April 24, 2025, subject to a one-time extension of up to 5 calendar days. Various conditions to closing on the acquisition of the Hawthorne Property remain to be satisfied, and there can be no assurance that we will complete the transaction on the general terms described above or at all. The foregoing description of the PSA does not purport to be complete and is qualified in all respects by reference to the full text of the PSA, a copy of which is filed herewith as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by reference into this Item 1.01.
Certain statements included in this Current Report on Form 8-K are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements above include, but are not limited to, matters identified as expectations and matters with respect to the future acquisition of the Hawthorne Property. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. For more information regarding risks and uncertainties that may affect the Company’s future results, review the Company’s filings with the Securities and Exchange Commission.
| ITEM 9.01 | FINANCIAL STATEMENTS AND EXHIBITS |
(d) Exhibits
|
Exhibit Number |
Description | |
| 10.1 | Purchase and Sale Agreement by and between BHM dst Acquisitions, LLC and Hawthorne Pines, LLC dated as of April 8, 2025 | |
| 104 | Cover Page Interactive Data File (formatted as inline XBRL). |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| BLUEROCK HOMES TRUST, INC. | |||
| Date: April 11, 2025 | By: | /s/ Christopher J. Vohs | |
| Christopher J. Vohs | |||
| Chief Financial Officer and Treasurer | |||