other material
confidence high
sentiment neutral
materiality 0.20
Bluerock Homes closes $8.0M sale of 75 Lubbock, TX single-family units; net proceeds $7.3M
Bluerock Homes Trust, Inc.
- On September 30, 2026, Bluerock completed disposition of its interest in Lubbock-75 - 75 single-family units in Lubbock, Texas held in the Peak JV 2 portfolio - to an unaffiliated third party.
- Sales price approximately $8.0 million, subject to closing costs, prorations and adjustments; net proceeds to the Company approximately $7.3 million.
- Pro forma balance sheet: total assets $1,146.8M vs $1,147.5M historical; cash and cash equivalents rise to $179.4M from $172.1M; mortgages payable unchanged at $421.9M.
- Pro forma FY2025 net loss attributable to common stockholders narrows to $10.4M (-$2.75/share) from $11.5M (-$3.02); six months ended June 30, 2026 loss per share -$1.78 vs -$1.80.
- Pro forma excludes any reinvestment of the disposition proceeds; net real estate investments fall to $828.9M from $836.8M, including a $7.8M reduction in net operating real estate.