Company: BHM
Filing Date: 2025-05-09
Form Type: 424B3
Source: 0001104659-25-046667
Chunk: 13

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-05-09
Form: 424B3
Chunk 13
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 the master lease, a wholly-owned indirect subsidiary of the Operating Partnership is responsible for subleasing the property to tenants, paying certain underlying costs associated with operating the property, and remitting rent to the DST that owns such property. As of March 31, 2025, the Company had one offering in its DST Program and had raised net offering proceeds of $29.2 million, with total net real estate investments associated with the DST Program of $102.8 million. Note 8— Revolving Credit Facilities The outstanding balances on the revolving credit facilities at March 31, 2025 and December 31, 2024 were as follows (amounts in thousands):

| ​                           
 Revolving Credit Facilities | ​ 
 ​ | ​    
 2025 |      ​ 
  March 
    31, | ​ | ​    
 2024 |            ​ 
 December 31, |
|:----------------------------|:--|:-----|-------:|:--|:-----|-------------:|
| Amended DB Credit Facility  | ​ | $    | 85,000 | ​ | $    |       85,000 |
| KeyBank Credit Facility     | ​ |      |      — | ​ |      |       36,000 |
| Total                       | ​ | $    | 85,000 | ​ | $    |      121,000 |

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Table of Contents

Amended Deutsche Bank
Credit Facility (“Amended DB Credit Facility”)

In
December 2023, certain of the Company’s subsidiaries entered into an amended and restated credit facility (the “Amended DB
Credit Facility”) with Deutsche Bank Securities Inc. (“Deutsche Bank”), as sole lead arranger, Deutsche Bank AG, New
York Branch, as administrative agent, the financial institutions party thereto as lenders and Computershare Trust Company, N.A., as paying
agent and calculation agent, and the Company as a guarantor. The Amended DB Credit Facility provided for a revolving loan with a maximum
commitment amount of $150 million. Borrowings under the Amended DB Credit Facility were limited to financings related to the acquisition,
renovation, rehabilitation, maintenance and leasing of single-family residential units in the Indy-Springfield, Peak JV 2 and Savannah-84
portfolios. Borrowings under the Amended DB Credit Facility bore interest on the amount drawn at Term Secured Overnight Financing Rate
(“SOFR”) plus 2.80%, and borrowings could be prepaid