Company: BHM
Filing Date: 2025-08-13
Form Type: 424B3
Source: 0001104659-25-077615
Chunk: 51

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-08-13
Form: 424B3
Chunk 51
---
 institutions, which at times may exceed federally insured limits. The Partnership is subject
to credit risk to the extent any financial institution with which it conducts business is unable to fulfill contractual obligations on
its behalf. Management monitors the financial condition of such financial institutions and does not anticipate any losses from these counterparties.

The value of the Fund's investments will go up
and down, sometimes rapidly or unpredictably, based on the performance of the securities and investments owned by the fund and other factors
generally affecting the securities market. Market risks, including political, regulatory, economic and social developments, can affect
the value of the Fund's investments. Natural disasters, public health emergencies, terrorism, conflicts, and other unforeseeable events
may lead to increased market volatility and may have adverse long-term effects on world economies and markets generally.

| 11. | Subsequent events |

The General Partner has evaluated subsequent events
through April 26, 2024, the date these financial statements were available to be issued, and has determined that no subsequent events
warrant adjustment to or disclosure in these financial statements.

15

Exhibit 99.3

<div align='center'>MARBLE CAPITAL INCOME AND IMPACT FUND, LP

AND SUBSIDIARIES

CONSOLIDATED UNAUDITED FINANCIAL STATEMENTS

AS OF MARCH 31, 2025</div>

MARBLE CAPITAL INCOME AND IMPACT FUND, LP AND SUBSIDIARIES

Consolidated Statement of Assets and Liabilities (Unaudited)

|                                                                                                                     |     |   | March 31, 2025 |     |   | December 31, 
         2024 |
|:--------------------------------------------------------------------------------------------------------------------|:----|:--|---------------:|:----|:--|-------------:|
| ASSETS                                                                                                              |     |   |                |     |   |              |
| Investments in private operating                                                                                    
 companies, at fair value (cost $129,669,942 and $109,568,391 at March 31, 2025 and December 31, 2024, respectively) |     | $ |    134,031,258 |     | $ |  113,261,454 |
| Investment in affiliated private investment                                                                         
 company, at fair value (cost $45,155,054 and $40,407,720 at March 31, 2025 and December 31, 2024, respectively)     |     |   |