Core Viewpoint - Bluerock Homes Trust, Inc. has declared monthly cash dividends on its Series A Redeemable Preferred Stock for the fourth quarter of 2024, with a quarterly rate of 0.125 per share on November 5, 2024; 0.125 per share on January 3, 2025, to stockholders of record on October 25, November 25, and December 24, 2024, respectively [2]. - Newly-issued shares will receive a prorated dividend based on the number of days they were outstanding during the applicable dividend period [2]. Enhanced Special Dividends - The Company has also declared enhanced special dividends for the fourth quarter of 2024, which will be aggregated with the regular monthly dividends, resulting in a rate of the average one month term Secured Overnight Financing Rate (SOFR Rate) plus 2.0%, with a minimum of 6.5% and a maximum of 8.5% annual rate [3]. - These enhanced special dividends will be calculated based on the SOFR Rate for each day from the 26th of the prior month to the 25th of the applicable month, payable on the 5th of each month [3]. Company Overview - Bluerock Homes Trust, Inc. is an externally managed REIT focused on high-quality single-family properties in attractive markets, particularly in the Sunbelt and high-growth areas of the Western United States [4]. - The Company's objective is to generate attractive risk-adjusted investment returns by assembling a portfolio of single-family rental homes and developing build-to-rent communities [4]. - The target market includes middle-market renters seeking the single-family lifestyle without the costs associated with home ownership [4].
Bluerock Homes Trust (BHM) Announces Fourth Quarter Dividends on Series A Preferred Stock