other material
confidence high
sentiment neutral
materiality 0.40
Bluerock Homes Trust sets estimated value per share of Series A Preferred Stock at $25.00 plus accreted dividends
Bluerock Homes Trust, Inc.
- Estimated value per share of Series A Preferred Stock is $25.00 plus accreted dividends as of September 30, 2023.
- Board approved the valuation based on Kroll's appraisal of the company's portfolio of 17 properties (3,996 units).
- Kroll used income capitalization and sales comparison approaches; overall cap rates ranged 4.02%–4.93%.
- Valuation is for FINRA broker-dealer account statement reporting obligations, not a GAAP fair value estimate.
- Adjusted portfolio equity significantly exceeded Series A Preferred Stock liquidation value of approx. $3.81 million.