Company: BHM
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001104659-25-026164
Chunk: 203

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 203
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 unrealized loss of ($0.5) million due to fluctuations in market interest rates. At December 31, 2023,     
 these investments were classified as held-to-maturity debt securities and carried at a net cost of $81.2 million. Refer to the Real Estate 
 Investments, Preferred Equity Investments and Notes Receivable disclosure in Note 2 for further information.                               |

F-22

Table of Contents

The following table summarizes the net carrying amount and fair value of the Company’s preferred equity investments, which are classified as available-for-sale debt securities, by contractual maturity at December 31, 2024.

| ​                                      
 ​                                      
 ​                                      | ​ 
 ​ | ​                   
 Available-for-sale  
 Net carrying amount |      ​ | ​ | ​          
 Fair value |      ​ |
|:---------------------------------------|:--|:--------------------|-------:|:--|:-----------|-------:|
| Due within one year                    | ​ | $                   | 36,648 | ​ | $          | 36,648 |
| Due after one year through three years | ​ |                     | 43,075 | ​ |            | 43,075 |
| Due after three years                  | ​ |                     |  1,945 | ​ |            |  1,945 |
| Total                                  | ​ | $                   | 81,668 | ​ | $          | 81,668 |

Allowance for Credit Losses The provision for credit losses of the Company’s preferred equity investments at December 31, 2024 and 2023 are summarized in the table below (amounts in thousands):

| ​                                     | ​ 
 ​ | ​ |    ​ 
 2024 | ​ | ​ |    ​ 
 2023 |
|:--------------------------------------|:--|:--|-----:|:--|:--|-----:|
| Beginning balances, net as of January 
 1, 2024 and 2023, respectively        | ​ | $ |  180 | ​ | $ |   22 |
| Provision for credit losses on pool   
 of assets, net (1)                    | ​ |   |  168 | ​ |   |  158 |
| Reclassification adjustment (2)       | ​ | ​ | -348 | ​ | ​ |    — |
| Allowance for credit losses, net, end 
 of period                             | ​ | $ |    — | ​ | $ |  180 |

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