Bluerock Homes Trust Confirms Completion of Asset Purchase Agreement with The Necessity Retail REIT
The strategic transaction strengthens Bluerock’s real estate portfolio with stabilized retail assets across the U.S.
April 08, 2025
Bluerock Homes Trust Advances Portfolio Expansion Through Strategic Asset Acquisition
Bluerock Homes Trust has finalized a deal to expand its portfolio with a new set of stabilized retail assets. The company’s operating partnership, Bluerock Homes Operating Partnership, closed on an agreement with a subsidiary of The Necessity Retail REIT, adding essential retail properties to its national footprint.
The transaction was structured with a mix of cash and newly issued partnership units. Those units can convert into Class A common stock down the line, giving the seller a continued interest in how the assets perform. This approach gives Bluerock the flexibility to grow its portfolio without overextending its balance sheet.
These newly acquired properties are anchored by long-term leases with nationally recognized tenants. That means steady income—and cash flow that can support long-term planning. Bluerock expects the assets to contribute to its funds from operations right away, reinforcing the company’s broader strategy: invest in stable, income-generating real estate that can hold its value and drive results.
The portfolio itself is designed around consistency. Most of the assets fall under the essential retail category—think grocery-anchored shopping centers and single-tenant net lease locations. These types of properties have proven their ability to hold up even when market conditions shift.
For Bluerock, this isn’t just about adding more square footage. It’s about building a high-quality portfolio that’s built to perform. The structure of the deal also keeps the door open for future moves—especially with the added benefit of partnership units that can transition into common shares over time.
The company didn’t disclose the purchase price, but the deal structure and expected impact point to a meaningful acquisition. As Bluerock brings these properties into the fold, the focus stays on execution: integrating assets that align with its strategy, delivering value, and positioning the company for continued growth.
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