Company: BHM
Filing Date: 2025-01-16
Form Type: 8-K/A
Source: 0001104659-25-004088
Chunk: 13

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-01-16
Form: 8-K/A
Chunk 13
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 all material
adjustments necessary to reflect the effects of the transactions referred to above have been made. Our unaudited pro forma condensed consolidated
financial statements are based on assumptions and estimates considered appropriate by the Company’s management. However, they are
not necessarily indicative of what our consolidated financial condition or results of operations would have been assuming the transactions
referred to above had occurred as of the dates indicated, nor do they purport to represent our consolidated financial position or results
of operations for future periods.

<div align='center'>BLUEROCK HOMES TRUST, INC.

UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET

AS OF SEPTEMBER 30, 2024

(In thousands, except share and per share amounts)</div>

| ASSETS                                                                                                                                                                         
 Net real estate investments                                                                                                                                                    |     | Bluerock Homes 
 Trust, Inc.    
 Historical     
 (a)            |         |   |     | Pro Forma Adjustments 
 Amira at              
 Westly                
 (b)                   |         |   |     | Pro Forma 
 Total     |         |   |
|:-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:---------------|--------:|:--|:----|:----------------------|--------:|:--|:----|:----------|--------:|:--|
| Land                                                                                                                                                                           |     | $              |  78,342 |   |     | $                     |  15,425 |   |     | $         |  93,767 |   |
| Buildings and improvements                                                                                                                                                     |     |                | 414,880 |   |     |                       |  87,336 |   |     |           | 502,216 |   |
| Furniture, fixtures and equipment                                                                                                                                              |     |                |  15,806 |   |     |                       |   2,068 |   |     |           |  17,874 |   |
| Total gross operating real estate investments                                                                                                                                  |     |                | 509,028 |   |     |                       | 104,829 |   |     |           | 613,857 |   |
| Accumulated depreciation                                                                                                                                                       |     |                | (38,410 | ) |     |                       |       — |   |     |           | (38,410 | ) |
| Total net operating real estate investments                                                                                                                                    |     |                | 470,618 |   |     |