CINCINNATI, June 11, 2024 /PRNewswire/ — Today, the City of Cincinnati (the “City”) and VineBrook Homes announce the resolution of prior litigation between the parties through a settlement agreement that establishes a new working relationship for VineBrook Homes and City personnel. The settlement agreement resolves all claims made by the City and by VineBrook Homes in previous filings, and governs their mutual obligations going forward. The settlement does not constitute an admission of any fault, liability, or wrongdoing by any party. VineBrook Homes and the City will “reset” their interactions to orient toward a more collaborative, productive relationship that enhances their joint goals of delivering quality, affordable housing to residents across the community. The parties issued the following statements on the agreement and the path forward:

“We are pleased to reach this resolution after productive communication and coordination with the VineBrook team. Our work here advances the City’s goal of ensuring access to quality and affordable housing for our residents. I appreciate the dedication of our Law Department to reach this resolution and look forward to strengthening the relationship we have established with VineBrook Homes in the months to come,” said City Manager Sheryl Long.

“VineBrook Homes looks forward to working with the City of Cincinnati to continue our long-standing mission of providing safe, clean and functional homes to our residents at affordable prices. We are excited for this reset of relations with the City based on mutual cooperation. We are committed to a continued partnership with the City to provide all of our residents with the best housing experience in Cincinnati,” said Dana Sprong, Co-Founder and Managing Partner of VineBrook Homes, LLC.

Media Contact

Megan Grabos
VineBrook Homes
megan.grabos@vinebrookhomes.com

Or

Matthew Beck
Unboxed Communications
mbeck@unboxedcommunications.com 

DALLAS, March 19, 2024 /PRNewswire/ — VineBrook Homes Trust, Inc. announced today that the record date for determining stockholders entitled to vote at the 2024 Annual Meeting of Stockholders (the “Annual Meeting”) will be Monday, April 1, 2024. The Annual Meeting will be held on Tuesday, June 11, 2024, beginning at 10:00 a.m. Central Time. The Annual Meeting will be held exclusively through a virtual format. Stockholders will not be able to attend the Annual Meeting in person, however stockholders of record as of the close of business on April 1, 2024, will be able to vote and ask questions during the Annual Meeting through the online platform.

Further information regarding the Annual Meeting, including instructions on how to access the Annual Meeting, will be set forth in the proxy statement and other proxy materials for the Annual Meeting (together, the “Proxy Materials”). Attendance at the Annual Meeting will be limited to stockholders of record and beneficial owners who provide proof of beneficial ownership as of the record date in the manner described in the Proxy Materials.

About VineBrook Homes Trust, Inc.

VineBrook Homes Trust, Inc. (“VineBrook Homes”) is an externally advised real estate investment trust. VineBrook Homes is focused on acquiring, developing, renovating, leasing and operating single-family rental properties primarily located in the midwestern, heartland and southern United States markets. For more information, please visit www.investors.VineBrookHomes.com. 

CONTACTS

Investor Relations
Kristen Thomas
IR@nexpoint.com 

Media Relations
Prosek Partners for NexPoint
Pro-nexpoint@prosek.com

DAYTON, Ohio, March 4, 2024 /PRNewswire/ — VineBrook Homes (VineBrook) continues to make homeownership a reality for hundreds of hard-working residents across the United States who may have been previously denied opportunities to purchase homes. In the past 12 months, the company sold or is in contract to sell more than 820 of its affordable, single-family rental homes to qualified owner-occupants across its portfolio. States with the highest number of VineBrook owner-occupant sales include Ohio (201 homes); Missouri (167 Homes); Georgia (81 homes); South Carolina (108 homes); Mississippi (55 homes); Wisconsin (52 homes); and Tennessee (25 homes).

VineBrook is one of the only large single-family rental companies dedicated to providing affordable housing. With the addition of its owner-occupant sales, the company has added yet another option for affordable, accessible single-family living that otherwise might not be available in a supply-challenged market.

“VineBrook helped more than 820 families achieve their dream of homeownership in the last year as we continue to seek new opportunities to deliver affordable housing solutions to local communities and residents,” said Dana Sprong, Co-Founder and Managing Partner of VineBrook Homes, LLC. “After decades of under building and low supply, local markets are still experiencing a record-low volume of homes for sale, so our efforts to connect would-be buyers to these homes is a meaningful solution to the shortage while helping these families realize their financial goal of owning a home.”

In addition, VineBrook recently began piloting a new “Pathway to Homeownership” program, providing qualified residents with opportunities for home ownership. This new initiative empowers individuals and families residing in a VineBrook-leased single-family rental home to purchase their home outright by securing a conventional mortgage, enabling them to build equity in an affordable property.

Residents of VineBrook Homes also have access to nationally recognized financial counseling and literacy resources at no additional cost to them through VineBrook’s partnership with Operation Hope. These services include workshops that focus on topics such as money management, credit and homeownership, all geared to help residents attain financial freedom.

About VineBrook

VineBrook Homes is an internally managed real estate company specializing in acquiring, renovating and leasing single-family homes. Unlike other providers, VineBrook takes a different approach in the growing Single-Family Rental Home industry, focusing on affordability and value for our residents. Since our commencement in 2007, we have quickly become one of the largest providers of quality homes with a variety of housing options offered.

Our highly trained and experienced staff is dedicated to providing the best experience to current and future residents, while being a good citizen in our communities. Our core values of hard work, integrity, communication, service and execution have helped build a recognized brand known for quality and long-term resident satisfaction.

We are proud to provide the many benefits of single-family home living in great neighborhoods, with ample space, storage, yards, privacy, security and professional management at a reasonable price. Most importantly, our success in the single-family rental home business would be nothing if it weren’t for our fantastic residents, and we work every day to provide the best service possible to meet their needs. 

For more information, please visit www.VineBrookHomes.com.

Media Contact

Megan Grabos
VineBrook Homes
megan.grabos@vinebrookhomes.com

DAYTON, Ohio, Oct. 16, 2023 /PRNewswire/ — VineBrook Homes (VineBrook) announced today that it has made homeownership a reality for dozens of Milwaukee’s hard-working residents who may have been denied opportunities to purchase homes in the past. Year to date, the company sold or is in contract to sell approximately five percent of its local single-family rental portfolio to owner-occupants, expanding the housing supply to a segment of the community that is typically in need of more single-family homes.

VineBrook is one of the only large single-family rental companies dedicated to providing affordable housing. With the addition of its owner-occupant sales, the company has added yet another option for affordable, accessible single-family living that otherwise might not be available in Milwaukee’s supply-challenged market.

“VineBrook was founded on a vision to acquire and restore distressed properties resulting in rejuvenated neighborhoods and access to safe, affordable single-family homes for workers and families,” said Dana Sprong, Co-Founder and Managing Partner of VineBrook Homes, LLC. “VineBrook is proud to be part of the Milwaukee community and we are committed to breaking down the barriers to single-family living for all Milwaukeeans.”

VineBrook’s local team is dedicated to helping alleviate pressures of increasing interest rates and higher prices from inflation by expanding the housing supply in Milwaukee’s neighborhoods where there are limited sources of homes organically coming to the market. The company is also collaborating with some of the City’s leading organizations focused on ensuring quality housing, equitable homeownership and financial literacy.

“VineBrook is providing Milwaukee’s residents with steppingstones to homeownership, including the opportunity to build equity with the purchase of our affordable homes or access to single-family rentals with average monthly rents that are normally well below nationally recognized benchmarks for affordability,” said Ryan McGarry, Chief Operating Officer and Managing Partner of VineBrook Homes, LLC. “Our goal is to partner with local community leaders to offer greater affordability in housing options, equipping residents with the necessary tools to build the future they desire for themselves and their families. We share a common purpose for the betterment of Milwaukee.”

About VineBrook

VineBrook Homes specializes in acquiring, renovating and leasing single-family homes. Unlike other providers, VineBrook takes a different approach in the growing Single-Family Rental Home industry, focusing on affordability and value for our residents. Since our commencement in 2007, we have quickly become one of the largest providers of quality homes with a variety of housing options offered.

Our highly trained and experienced staff is dedicated to providing the best experience to current and future residents, while being a good citizen in our communities. Our core values of hard work, integrity, communication, service and execution have helped build a recognized brand known for quality and long-term resident satisfaction.

We are proud to provide the many benefits of single-family home living in great neighborhoods, with ample space, storage, yards, privacy, security and professional management at a reasonable price. Most importantly, our success in the single-family rental home business would be nothing if it weren’t for our fantastic residents, and we work every day to provide the best service possible to meet their needs. 

For more information, please visit www.VineBrookHomes.com.

Media Contact

Megan Grabos
VineBrook Homes
megan.grabos@vinebrookhomes.com

Cautionary Notice Regarding Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on management’s current expectations, assumptions and beliefs. Forward-looking statements can often be identified by words such as “will,” “expect,” “goal,” “intend” and similar expressions, and variations or negatives of these words. These forward-looking statements include, but are not limited to, statements regarding the company’s goals and commitments. Forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statement, including those described in greater detail in the company’s filings with the Securities and Exchange Commission, particularly those described in our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Readers should not place undue reliance on any forward-looking statements and are encouraged to review the company’s other filings with the Securities and Exchange Commission for a more complete discussion of the risks and other factors that could affect any forward-looking statement. Except as required by law, the company does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changing circumstances or any other reason after the date of this report.

DAYTON, Ohio, Jan. 10, 2023 /PRNewswire/ — VineBrook Homes announced today it is expanding its partnership with Operation HOPE to include a five-year, $1 million commitment to provide its residents across the U.S. with resources and programs to help achieve financial freedom. The announcement took place during the 9^th Annual HOPE Global Forums, the largest gathering in the world on behalf of empowering underserved communities. VineBrook launched its partnership with Operation HOPE in November 2021. Through this partnership, VineBrook provides its residents with no-cost access to Operation HOPE’s award-winning virtual workshops, learning sessions, and certified one-on-one financial coaching to help improve their FICO score, manage their budget and debts, grow long-term savings, and pursue wealth creation. This commitment will expand the dedicated Operation HOPE resources needed to help increase participation in the available programs for VineBrook residents.

“Our partnership with VineBrook Homes, like our other partners in the single family rental industry, has empowered residents across the U.S. with the knowledge and tools they need to strengthen their financial foundation – and their future,” said John Hope Bryant, Founder, Chairman and CEO of Operation HOPE. “Expanding this partnership will provide additional coaches so that residents can deepen their engagement with the resources and curriculum that, in turn, can help them build generational wealth.”

“When I first met John and learned about Operation HOPE, I was inspired and wanted to incorporate it into the offering we provide VineBrook residents,” said Dana Sprong, Co-Founder and Managing Partner of VineBrook Homes. “I’ve been impressed by the successful results we have achieved together, see tremendous potential to assist even more people going forward, and am thrilled to announce this expanded partnership.”

VineBrook’s partnership with Operation HOPE seeks to help residents attain financial wellbeing by providing access to the tools they need to achieve their financial goals, whether that means improving their credit, starting a business, saving for retirement, or becoming homeowners. Since the partnership’s launch, Operation HOPE has worked with more than 200 VineBrook residents, resulting in all participants improving their credit scores, increasing their savings and reducing household debt by nearly $500 per month.

“Resident satisfaction and support are top priorities at VineBrook, and the programs we offer in partnership with Operation HOPE are consistently among the most popular benefits we provide,” said Ryan McGarry, Chief Operating Officer of VineBrook Homes. “VineBrook’s homes for lease are some of the most affordable homes within our markets, are well-within GSE guidelines for affordability, and align with resident budgets as one of their single largest expenses.  Our partnership with the purpose-driven Operation HOPE team and their commitment to financial literacy is a powerful combination that will further aid our communities in achieving their diverse financial goals.”

About VineBrook Homes, LLC

VineBrook Homes is an internally managed real estate company specializing in acquiring, renovating and leasing single family homes. Unlike other providers, VineBrook takes a different approach in the growing Single Family Rental Home industry, focusing on affordability and value for our residents. Since our commencement in 2007, we have quickly become one of the largest providers of quality homes with a variety of housing options offered.

Our highly trained and experienced staff is dedicated to providing the best experience to current and future residents, while being a good citizen in our communities. Our core values of hard work, integrity, communication and execution have helped build a recognized brand known for quality and long-term resident satisfaction.

We are proud to provide the many benefits of single-family home living in great neighborhoods, with ample space, storage, yards, privacy, security, and professional management at a reasonable price. Most importantly, our success in the single-family rental home business would be nothing if it weren’t for our fantastic residents, and we work every day to provide the best service possible to meet their needs.  For more information, please visit www.VineBrookHomes.com.

About Operation HOPE, Inc.

Since 1992, Operation HOPE has been moving America from civil rights to “silver rights” with the mission of making free enterprise and capitalism work for the underserved—disrupting poverty for millions of low- and moderate-income youth and adults across the nation. Through its community uplift model, HOPE Inside, which received the 2016 Innovator of the Year recognition by American Banker magazine, Operation HOPE has served more than 4 million individuals and directed more than $3.2 billion in economic activity into disenfranchised communities—turning check-cashing customers into banking customers, renters into homeowners, small business dreamers into small business owners, minimum wage workers into living wage consumers, and uncertain disaster victims into financially empowered disaster survivors. For more information: OperationHOPE.org. Follow the HOPE conversation on Twitter, Facebook and Instagram.

Media Contacts:
Matthew Beck, for VineBrook Homes                                   Lalohni Campbell, for Operation HOPE
mbeck@unboxedcommunications.com                                LA@persemediagroup.com