Bluerock Homes Trust Amends Management Agreement

The real estate investment trust updates its management fee structure while approving a $5 million buyback program.

March 07, 2025

Management Agreement Update

Bluerock Homes Trust is refining how it compensates its external manager. On February 28, 2025, the company’s board, including independent directors, approved an update to its management agreement, adjusting how base management fees are paid.

Under the revised terms, these fees will now be paid entirely in cash unless the company and its manager agree in writing to include C-LTIP units. The board reviewed the terms and determined they align with market standards. Other aspects of the agreement remain unchanged.

Stock Repurchase Plan

At the same time, Bluerock Homes Trust is moving forward with a $5 million stock repurchase plan. The program, which will run for a year, allows the company to buy back shares of its Class A common stock in the open market.

Purchases will follow regulatory guidelines, with timing and volume depending on market conditions and internal priorities. The board has the flexibility to adjust or end the program at any time.

Strategic Financial Adjustments

With these steps, Bluerock Homes Trust is refining its financial structure while giving itself the flexibility to adjust its capital strategy based on market conditions.