Bluerock Homes Trust shares surge 14.78% intraday after acquiring 264-unit Georgia property for $66.6M.

Bluerock Homes Trust surged 14.78% intraday after announcing the acquisition of a 264-unit property in Stone Mountain, Georgia, for $66.6 million, financed by $31 million in equity and a $38.6 million Fannie Mae loan. The expansion, which aligns with the company’s strategy to grow its multifamily portfolio, likely boosted investor confidence in its asset diversification and operational scale. The transaction underscores Bluerock’s ability to secure financing and execute growth initiatives, factors often associated with positive market sentiment for real estate investment trusts.