Bluerock Homes Trust Sees Revenue Growth Amid Higher Expenses Bluerock Homes Trust reported a 2024 revenue increase to $48.6 million, up from $41.0 million in 2023, driven by acquisitions and rental rate improvements. However, property operating expenses also rose to $24.1 million. The company’s net operating income reached $24.4 million, reflecting its focus on growth markets and value creation strategies.1