NEW YORK, Oct. 6, 2022 /PRNewswire/ -- Bluerock Homes Trust, Inc. (NYSE:BHM) (the "Company", "BHM, or "Bluerock Homes Trust") launches today as an externally-managed real estate investment trust (REIT) focused on the single-family rental market. The Company's common stock will begin trading on the New York Stock Exchange American under the ticker "BHM" at 9:30 a.m. Eastern Time on October 6, 2022.
The listing of the Company was effectuated through the spin-off of Bluerock Homes Trust from Bluerock Residential Growth REIT, Inc. BHM's initial portfolio consists of interests in approximately 4,000 homes, comprised of 2,300 operating homes, of which roughly 1,800 and 500 are scattered-site/clustered and build-to-rent, respectively, as well as 1,600 additional homes held through preferred equity and mezzanine loan investments, of which 500 are stabilized and 1,100 are under development/lease-up.
"The public listing of Bluerock Homes Trust is an exciting event for our shareholders," remarked Ramin Kamfar, Chairman and Chief Executive Officer of Bluerock Homes Trust. "Our executive management team holds strong conviction regarding the single-family rental sector and we are pleased to be able to separate these assets into a new, distinct public operating company to enable us to unlock the value creation potential tied to these homes. The substantial undersupply of housing and significant costs to homeownership generate long-term tailwinds for the single-family rental market and the opportunity to create quality affordable solutions for our renters," added Kamfar.