M&A
confidence high
sentiment neutral
materiality 0.70
Bluerock Homes Trust, Inc. (BHM): M&A transaction — Bluerock Homes Trust completes $92M acquisition of 350-unit Allure at Southpark
Bluerock Homes Trust, Inc.
- Acquired 350-unit apartment complex in Charlotte, NC for ~$92M on Dec 6, 2024.
- Funded with ~$39.31M equity and $55.17M Fannie Mae loan at 5.58%, interest-only through Jan 2030.
- Company holds ~98.05% indirect equity; seller affiliate retains ~1.95% and manages for 3% fee.
- Financial statements for the Allure Property to be filed by Feb 21, 2025.