Bluerock Homes Trust launches as single-family rental REIT in spin-off

Bluerock Homes Trust has launched as an externally managed REIT focused on the single-family rental market.

The listing of the company was effectuated through the spin-off of Bluerock Homes Trust from Bluerock Residential Growth REIT, which is being acquired by affiliates of Blackstone Real Estate.

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 Tr