Company: BHM
Filing Date: 2025-05-09
Form Type: 424B3
Source: 0001104659-25-046667
Chunk: 11

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-05-09
Form: 424B3
Chunk 11
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 of assets, net (1)                                | ​ | ​    |  -101 | ​ | ​    |       87 |
| Allowance for credit losses, net, end of period   | ​ | $    |     2 | ​ | $    |      103 |

| (1) | Under CECL,                                                                                                                                 
 a provision for, or recovery of, credit losses for similar assets is calculated based on a historical default rate applied to the remaining 
 life of the assets. The recovery of credit losses during the period ended March 31, 2025 was primarily attributable to the removal of       
 one investment to the pool of assets.                                                                                                       |

Following is a summary of the interest income from loan investments for the three months ended March 31, 2025 and 2024 (amounts in thousands):

| ​                            | ​ | ​            |    ​ | ​ | ​ |    ​ |
| ​                            |   | Three        
 Months Ended |      |   |   |      |
| ​                            | ​ | March        
 31,          |      |   |   |      |
| Investment Name              | ​ | ​            | 2025 | ​ | ​ | 2024 |
| The Woods at Forest Hill (1) | ​ | $            |    — | ​ | $ |  186 |
| Wayford at Pringle           | ​ |              |  327 | ​ | ​ |  111 |
| Willow Park                  | ​ |              |  176 | ​ | ​ |  121 |
| Total                        | ​ | $            |  503 | ​ | $ |  418 |

| (1) | In August                                                                             
 2024, the Company’s loan investment in The Woods at Forest Hill was paid off in full. |

Loan Investment Summary During the three months ended March 31, 2025, the Company’s loan investment in Wayford at Pringle was paid off in full in the aggregate amount of $23.0 million, which included principal investment of $22.3 million and accrued interest of $0.7 million.

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Note 6 – Preferred Equity Investments At March 31, 2025, the Company, through wholly-owned subsidiaries of the Operating Partnership, had outstanding preferred equity investments in eight joint ventures which are classified as available for sale debt securities. The Company earns a fixed return on these investments which is included within income from preferred equity investments in its consolidated statements