UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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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 the Hawthorne 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.
Acquisition of Interest in Marble Capital Income and Impact Fund, LP
On April 25, 2025, the Company, through BHM Marble Investor, LLC (the “Marble Investment Purchaser”), a Delaware limited liability company and wholly-owned subsidiary of the Operating Partnership, closed on the acquisition of a limited partnership interest (the “Marble Investment”) in Marble Capital Income and Impact Fund, LP, a Delaware limited partnership (the “Marble Fund”), for a total purchase price of approximately $25 million.
The Marble Fund owns a diversified portfolio of multifamily assets and build to rent multifamily investments located in the United States.
| ITEM 9.01 | FINANCIAL STATEMENTS AND EXHIBITS |
| (a) | Financial Statements of Real Estate Acquired |
(i) Because it is impracticable to provide the required financial statements for the acquired Hawthorne Property described in Item 2.01 at the time of this filing and no financial statements (audited or unaudited) are available at this time, we hereby confirm that we intend to file the required financial statements on or before July 14, 2025, by amendment to this Current Report on Form 8-K
(ii) Because it is impracticable to provide the required financial statements for the acquired Marble Investment described in Item 2.01 at the time of this filing and no financial statements (audited or unaudited) are available at this time, we hereby confirm that we intend to file the required financial statements on or before July 11, 2025, by amendment to this Current Report on Form 8-K.
| (b) | Pro Forma Financial Information |
| (i) | See paragraph (a)(i) above. |
| (ii) | See paragraph (a)(ii) above. |
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: May 1, 2025 | By: | /s/ Christopher J. Vohs |
| Christopher J. Vohs | ||
| Chief Financial Officer and Treasurer | ||