Bluerock Homes completes $92M acquisition of 350-unit Allure at Southpark in Charlotte

Bluerock Homes Trust, Inc.

Acquired Allure at Southpark, a 350-unit apartment complex, for $92.0 million on December 6, 2024.
Financed with $55.2 million senior loan at 5.58% fixed rate, maturing January 1, 2030.
Property generated $6.4M revenue and $3.9M revenue over certain operating expenses in 2023.
Pro forma net loss attributable to common stockholders increases by $1.2M for 2023 and $0.3M for 9mo 2024.

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