| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Land | 119,485 | 123,260 | 118,314 | 107,460 |
| Buildings and improvements | 742,835 | 755,813 | 703,616 | 632,733 |
| Furniture, fixtures and equipment | 29,157 | 28,934 | 25,894 | 23,176 |
| Construction in process | 13,152 | 10,050 | 9,572 | 5,148 |
| Total gross operating real estate investments | 904,629 | 918,057 | 857,396 | 768,517 |
| Accumulated depreciation | 70,340 | 65,318 | 59,831 | 53,768 |
| Total net operating real estate investments | 834,289 | 852,739 | 797,565 | 714,749 |
| Operating real estate held for sale, net | 13,031 | 15,647 | 10,831 | 12,303 |
| Total net real estate investments | 847,320 | 868,386 | 808,396 | 727,052 |
| Cash and cash equivalents | 170,097 | 169,561 | 162,732 | 127,602 |
| Restricted cash | 21,453 | 24,901 | 20,555 | 17,499 |
| Notes and accrued interest receivable, net | NaN | NaN | NaN | 0 |
| In-place lease intangible assets, net | NaN | NaN | 1,843 | 669 |
| Investment in unconsolidated real estate funds | 25,778 | 25,692 | 25,573 | 25,000 |
| Accounts receivable, prepaids and other assets, net | 28,116 | 21,966 | 27,531 | 30,055 |
| Preferred equity investments, net | 43,577 | 35,738 | 45,091 | 62,357 |
| Other intangible assets, net | 5,938 | 7,494 | NaN | NaN |
| Due from affiliates | 633 | 653 | 935 | 883 |
| Non-real estate assets associated with operating real estate held for sale | 33 | 14 | 32 | 62 |
| Total assets | 1,142,945 | 1,154,405 | 1,092,688 | 991,179 |
| Mortgages payable | 416,810 | 428,392 | 393,890 | 338,616 |
| Revolving credit facilities | NaN | NaN | 22,000 | NaN |
| Accounts payable | 756 | 1,130 | 808 | 775 |
| Other accrued liabilities | 20,591 | 20,643 | 25,450 | 22,066 |
| Due to affiliates | 7,573 | 9,782 | 7,838 | 7,642 |
| Distributions payable | 2,548 | 2,504 | 2,471 | 2,425 |
| Liabilities associated with operating real estate held for sale | 123 | 114 | 203 | 170 |
| Total liabilities | 448,401 | 462,565 | 452,660 | 371,694 |
| Redeemable preferred stock-Seriesa Redeemable Preferred Stock | 146,945 | 142,117 | NaN | NaN |
| Common stock-Common Class C | NaN | NaN | NaN | 0 |
| 6.0 series a redeemable preferred stock, liquidation preference 25.00 per share, 30,000,000 shares authorized 6,087,829 and 4,628,681 shares issued and outstanding at september 30, 2025 and december 31, 2024, respectively | NaN | NaN | 136,944 | 129,581 |
| Redeemable preferred stock-Series BRedeemable Preferred Stock | 2,294 | NaN | NaN | NaN |
| Common stock | 40 | 40 | 40 | 41 |
| Additional paid-in-capital | 121,504 | 121,489 | 121,079 | 120,081 |
| Cumulative earnings in excess of distributions | 3,260 | 7,200 | 10,577 | 14,692 |
| Accumulated other comprehensive gain | 38 | 11 | 23 | 495 |
| Total stockholders' equity | 124,842 | 128,740 | 131,719 | 135,309 |
| Operating partnership units | 285,667 | 292,817 | 296,096 | 303,607 |
| Partially owned properties | 134,796 | 128,166 | 75,269 | 50,988 |
| Total noncontrolling interests | 420,463 | 420,983 | 371,365 | 354,595 |
| Total equity | 545,305 | 549,723 | 503,084 | 489,904 |
| Total liabilities and equity | 1,142,945 | 1,154,405 | 1,092,688 | 991,179 |
Bluerock Homes Trust, Inc. (BHM)
Bluerock Homes Trust, Inc. (BHM)