DivestmentJun 8, 2026, 02:36 PM
Bluerock Homes Trust Sells 24 Units for $8.5M; Net Proceeds $7.8M
AI Summary
Bluerock Homes Trust completed the disposition of its 95% interest in 24 single-family residential units from its Ballast portfolio between January 1 and June 2, 2026. The aggregate sales price for these units was approximately $8.5 million, resulting in net proceeds of about $7.8 million for the company. The company also filed unaudited pro forma condensed consolidated financial statements to reflect the impact of these dispositions.
Key Highlights
- Bluerock Homes Trust disposed of its interest in 24 single-family residential units from the Ballast portfolio.
- The dispositions occurred between January 1, 2026, and June 2, 2026.
- The aggregate sales price for the 24 units was approximately $8.5 million.
- Aggregate net proceeds to the Company from the sales were approximately $7.8 million.
- The company holds a 95% interest in the Ballast joint venture.
- Unaudited pro forma financial statements were filed to reflect the impact of these dispositions.
Price Impact
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