Company: BHM
Filing Date: 2025-08-13
Form Type: 424B3
Source: 0001104659-25-077615
Chunk: 62

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-08-13
Form: 424B3
Chunk 62
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 Discount       
 rate           
 Months to exit |     | 12%       
 45        |
| Real                           
 Estate, Common Member          |     | $         | 72,372,797 |     | Recent      
 Transaction |     | N/A            |     | N/A       |

|                                            |     | Fair Value at 
 December 31,  
 2024          |            |     | Valuation          
 Technique          |     | Unobservable Inputs |     | Range of Inputs |
|:-------------------------------------------|:----|:--------------|-----------:|:----|:-------------------|:----|:--------------------|:----|:----------------|
| Assets                                     |     |               |            |     |                    |     |                     |     |                 |
| Investments in private operating companies |     |               |            |     |                    |     |                     |     |                 |
| Real Estate, Common Member                 |     | $             | 47,377,438 |     | Discounted cash    
 flow model         |     | Discount rate       
 Months to exit      |     | 11%             
 40 - 58         |
| Real Estate, Preferred Member              |     | $             | 13,723,576 |     | Discounted cash    
 flow model         |     | Discount rate       
 Months to exit      |     | 12%             
 45              |
| Real Estate, Common Member                 |     | $             | 52,160,440 |     | Recent Transaction |     | N/A                 |     | N/A             |

During the three months ended March 31,
2025 and 2024, there were no transfers in or out of level 3 and the Fund purchased $20,101,551 and $41,718,395, respectively, of level
3 assets.

4. Committed capital

As of March 31, 2025 and December 31,
2024, the Fund has total capital commitments from its partners with respect to their partnership interests in the aggregate of $179,331,000,
and $179,331,000, respectively. The General Partner may make capital calls up to the amount of unfunded capital commitments to enable
the Fund to make investments, pay fees and expenses, or to provide reserves. No partner is required to fund an amount in excess of their
unfunded capital commitments. As of March 31, 2025 and December 31, 2024, the Fund’s uncalled capital commitments amounted
to