Company: BHM
Filing Date: 2025-08-13
Form Type: 424B3
Source: 0001104659-25-077615
Chunk: 15

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-08-13
Form: 424B3
Chunk 15
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.¨

<div align='center'>EXPLANATORY NOTE</div>

On May 1, 2025, Bluerock
Homes Trust, Inc. (the “Company”) filed, with the U.S. Securities and Exchange Commission (the “SEC”), a
Current Report on Form 8-K dated April 25, 2025 (the “Form 8-K”) in conjunction with the acquisition of a limited
partnership interest (the “Marble Investment”) in Marble Capital Income and Impact Fund, LP (the “Marble Fund”).

This Current Report on Form 8-K/A
(the “Form 8-K/A”) amends Item 9.01 of the Form 8-K to present certain financial statements of the Marble Fund,
and to include the required financial statements and pro forma financial information not previously included in the Form 8-K. This
Form 8-K/A should be read in conjunction with the Form 8-K.

| ITEM 9.01 | FINANCIAL STATEMENTS AND EXHIBITS |

| (a) | (i)  
 (ii) | Financial Statements                                                                                                               
 of Business Acquired                                                                                                               
 Marble                                                                                                                             
 Capital Income and Impact Fund, LP and Subsidiaries                                                                                
 Audited                                                                                                                            
 consolidated financial statements as of and for the year ended December 31, 2024, and the notes related thereto, and the Report of 
 Deloitte & Touche LLP, Independent Auditors, dated April 25, 2025, which are attached to this Form 8-K/A as Exhibit 99.1           
 and incorporated herein by reference.                                                                                              
 Audited                                                                                                                            
 consolidated financial statements as of and for the year ended December 31, 2023, and the notes related thereto, and the Report of 
 Deloitte & Touche LLP, Independent Auditors, dated April 26, 2024, which are attached to this Form 8-K/A as Exhibit 99.2           
 and incorporated herein by reference.                                                                                              |
|:----|:-----|:-----------------------------------------------------------------------------------------------------------------------------------|
|     | -iii | Unaudited                                                                                                                          
 consolidated financial statements as of March 31, 2025 and December 31, 2024,