Extracted from this filing and checked against the source text.
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Bluerock Homes Trust, Inc. completed a disposition involving the Joint Venture (an affiliate of Bluerock Homes Manager, LLC) for net proceeds to the Company (exclusive of legal fees) of approximately $4.18 million for Indigo Cove and approximately $13.4 million for Wayford at Pringle (closed 2025-04-11).
- Action
- disposition
- Counterparty
- the Joint Venture (an affiliate of Bluerock Homes Manager, LLC)
- Consideration
- net proceeds to the Company (exclusive of legal fees) of approximately $4.18 million for Indigo Cove and approximately $13.4 million for Wayford at Pringle
- Closing
- 2025-04-11
Exact text from the filing
On April 11, 2025 Bluerock Homes Trust, Inc., a Maryland corporation (the “Company”), through BHM Preferred Holdings TRS, LLC (the “Contributor”), 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 (i) a Contribution Agreement (the “Indigo Contribution Agreement”) with an affiliate of the Company’s external manager, Bluerock Homes Manager, LLC, a Delaware limited liability company (such affiliate, the “Joint Venture”), for the sale of the Company’s preferred equity investment in Indigo Cove, an 82-unit ground-up development project in Bluffton, South Carolina (the “Indigo Investment”) for net proceeds to the Company (exclusive of legal fees) of approximately $4.18 million, and (ii) a Contribution Agreement (the “Pringle Contribution Agreement”) with the Joint Venture for the sale of the Company’s preferred equity investmen
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