NEW
YORK, Feb. 22, 2024 /PRNewswire/
-- Bluerock Homes Trust, Inc. (NYSE American: BHM) (the
"Company") today announced that its Board of Directors has
authorized a new plan for the repurchase of up to $5.0 million of its outstanding shares of Class A
common stock (the "Class A Common Stock"). The repurchase
plan will be conducted in accordance with the requirements of
Rule 10b-18 of the Securities
Exchange Act of 1934, as amended (the "Exchange Act") and subject
to Rule 10b-5 of the Exchange
Act.
The repurchase plan has a term of one year and may be
discontinued at any time. The extent to which the Company
repurchases shares of its Class A Common Stock under the repurchase
plan, and the timing of any such repurchases, will depend on a
variety of factors including general business and market conditions
and other corporate considerations. The Company expects to
repurchase shares of its Class A Common Stock through open market
transactions, subject to market conditions, certain price
limitations and other conditions established thereunder. Open
market repurchases will be structured to occur within the method,
timing, price and volume requirements of Rule 10b-18 of the Exchange Act.
About Bluerock Homes Trust, Inc.
Bluerock Homes Trust,
Inc. (NYSE American: BHM), headquartered in New York, New York, is an externally managed
REIT that owns and operates high-quality single-family properties
located in attractive markets with a focus on the knowledge-economy
and high quality of life regions of the Sunbelt and high growth
areas of the Western United
States. BHM's principal objective is to generate attractive
risk-adjusted investment returns by assembling a portfolio of
pre-existing single-family rental homes and developing
build-to-rent communities. BHM properties are located across a
diverse group of growth markets and will seek to target a growing
pool of middle-market renters seeking the single-family lifestyle
without the upfront and ongoing investments associated with home
ownership. For more information, please visit
bluerockhomes.com.
Forward Looking Statements
This press release
contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995 and other federal
securities laws. These forward-looking statements are based upon
the Company's present expectations, but these statements are not
guaranteed to occur. Furthermore, the Company disclaims any
obligation to publicly update or revise any forward-looking
statement to reflect changes in underlying assumptions or factors,
of new information, data or methods, future events or other
changes. Investors should not place undue reliance upon
forward-looking statements. For further discussion of
the factors that could affect outcomes, please refer to the
risk factors set forth in Item 1A of the Company's Annual Report
on Form 10-K filed by the Company with the U.S. Securities
and Exchange Commission ("SEC") on March 22,
2023, and subsequent filings by the Company with
the SEC. We claim the safe harbor protection for forward
looking statements contained in the Private Securities Litigation
Reform Act of 1995.
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SOURCE Bluerock Homes Trust, Inc.