Core Viewpoint - Bluerock Homes Trust, Inc. has introduced a new Series A Preferred Stock Redemption Safeguard Policy to protect shareholders from potential losses when redeeming their preferred stock [1][2][4]. Company Overview - Bluerock Homes Trust, Inc. is an externally managed REIT focused on owning and operating high-quality single-family properties in attractive markets, particularly in the Sunbelt and high-growth areas of the Western United States [5]. - The company's primary objective is to generate attractive risk-adjusted investment returns by assembling a portfolio of single-family rental homes and developing build-to-rent communities [5]. Series A Preferred Stock Details - As of January 31, 2025, the company has raised over 25 per share, with a minimum annual dividend yield of 6.5% [3]. - The Series A Preferred Stock dividends for 2024 benefited from favorable tax treatment, resulting in a tax-equivalent yield of approximately 7.93% [3]. - The Series A Preferred Stock is backed by approximately $840 million in gross assets, with ownership and investments in 45,000 single-family and built-to-rent homes, achieving a 94.3% occupancy rate and a low net debt of 9% as of September 30, 2024 [3][10]. New Redemption Safeguard Policy - The new policy allows shareholders who redeem their Series A Preferred Stock and subsequently sell the received Class A Common Stock at a loss within 10 business days to apply to the company for compensation, excluding transaction costs or redemption fees [2]. - This policy applies retroactively and going forward to all holders of the Series A Preferred Stock [2]. Management Commentary - The CEO of Bluerock Homes Trust expressed satisfaction in providing an innovative safeguard against downside risk for preferred shareholders during the redemption process [4].
Bluerock Homes Trust (BHM) Announces New Series A Preferred Stock Redemption Safeguard Policy