Company: BHM
Filing Date: 2025-07-01
Form Type: 8-K/A
Source: 0001104659-25-064664
Chunk: 2

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-07-01
Form: 8-K/A
Chunk 2
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") for the year
ended December 31, 2024 and the related notes to the Statements.

In our opinion, the accompanying Statements present
fairly, in all material respects, the revenue and certain operating expenses of the Property described in Note 2 of the Statements for
the year ended December 31, 2024 in accordance with accounting principles generally accepted in the United States of America.

Basis for Opinion

We conducted our audit in accordance with auditing
standards generally accepted in the United States of America (“GAAS”). Our responsibilities under those standards are further
described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required
to be independent of the Company and to meet our other ethical responsibilities in accordance with the relevant ethical requirements relating
to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Emphasis of Matter – Purpose of the Presentation

We draw attention to Note 2 to the Statements,
which describes that the Statements have been prepared for the purpose of complying with the rules and regulations of the Securities and
Exchange Commission for inclusion in the Form 8-K/A of Bluerock Homes Trust, Inc. and is not intended to be a complete presentation of
the Property's revenue and expenses. Our opinion is not modified with respect to this matter.

Responsibilities of Management for the Statements

Management is responsible for the preparation
and fair presentation of the Statements in accordance with accounting principles generally accepted in the United States of America and
for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of the Statements
that are free from material misstatement, whether due to fraud or error.

Auditor’s Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance
about whether the Statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's
report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and, therefore, is not
a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not
detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery,
intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial
likelihood