TCN - Bluerock Homes Trust: REIT Spinoff Trading At Substantial Discount To NAV
2024-02-01 20:26:31 ET
Summary
- Bluerock Homes Trust is a single-family residential REIT spun off from Bluerock Residential Growth REIT.
- The company is currently trading at a substantial discount to its net asset value and valuation multiples compared to other single-family residential REITs.
- The small size of Bluerock Homes Trust presents a unique investment opportunity, as many institutional investors are unable to invest in the stock.
Bluerock Homes Trust ( BHM ) is a single-family residential REIT that was spun off from Bluerock Residential Growth REIT, Inc. after Bluerock Residential Growth REIT was acquired by Blackstone for $3.6 billion in October 2022. Bluerock Homes owns a portfolio of high-quality single-family homes primarily in the Sunbelt states and Western United States. Per the most recent quarterly report , Bluerock owned roughly 4,000 properties through its operating and preferred equity investments.
Bluerock Homes Map of Properties (Bluerock Homes Trust, Inc. Website)