Company: BHM
Filing Date: 2025-08-13
Form Type: 424B3
Source: 0001104659-25-077615
Chunk: 91

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-08-13
Form: 424B3
Chunk 91
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 The Company has not designated any of the interest rate derivatives as hedges. Although these derivative financial instruments were not designated or did not qualify for hedge accounting, the Company believes the derivative financial instruments mitigate increases in interest rates. The Company does not use derivative financial instruments for trading or speculative purposes. At June 30, 2025, the Company had interest rate caps and swaps which effectively limit the Company’s exposure to interest rate risk by providing a ceiling on the underlying interest rate for $101.0 million of the Company’s debt. The following table summarizes the Company’s derivative financial instruments at June 30, 2025 ($ in thousands):

| ​                      
 ​                      | ​ | ​                  
 Interest Rate Caps |        ​ | ​ | ​                   
 Interest Rate Swaps |           ​ |
|:-----------------------|:--|:-------------------|---------:|:--|:--------------------|------------:|
| Notional balance       | ​ | $                  |   92,973 | ​ | $                   |      10,583 |
| Number of instruments  | ​ |                    |        2 | ​ |                     |           2 |
| Earliest maturity date | ​ |                    | May 2026 | ​ |                     |  March 2026 |
| Latest maturity date   | ​ |                    | May 2027 | ​ |                     | August 2028 |

The table below presents the classification and fair value of the Company’s derivative financial instruments on its consolidated balance sheets at June 30, 2025 and December 31, 2024 (amounts in thousands):

| ​                          
 Derivatives not designated 
 as hedging                 | ​                     
 instruments under ASC 
 815-20                | ​                                                   
 ​                                                   | ​                      
 Balance Sheet Location | ​                                     
 Fair Values of Derivative Instruments |             ​ 
 June 30, 2025 | ​ | ​ |                 ​ 
 December 31, 2024 |
|:---------------------------|:----------------------|:----------------------------------------------------|:-----------------------|:--------------------------------------|--------------:|:--|:--|------------------:|
| Interest rate caps         |                       | Accounts receivable, prepaids and other assets, net | ​                      | $                                     |         1,393 | ​ | $ |               857 |
| Interest rate swaps        |                       | Accounts receivable, prepaids and other assets, net | ​                      |                                       |           157 | ​ |   |               363 |

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