Bluerock Homes Trust Acquires 361-Unit Skytop Apartments in Cincinnati for $88.5 Million

Reuters
2025.10.03 20:28
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Bluerock Homes Trust Inc. has acquired Skytop Apartments, a 361-unit residential community in Cincinnati, for $88.5 million. The deal, finalized on September 29, 2025, was financed with $13 million in equity, a $57.5 million senior loan from Fannie Mae, and $22 million from KeyBank's credit facility. The acquisition followed arm's length negotiations with an unaffiliated seller.