Company: BHM
Filing Date: 2025-01-16
Form Type: 8-K/A
Source: 0001104659-25-004088
Chunk: 5

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-01-16
Form: 8-K/A
Chunk 5
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749 | ) |
| Net cash used in investing activities                                                       |     |      | (1,663,749 | ) |
| Cash flows from financing activities:                                                       |     |      |            |   |
| Distributions                                                                               |     |      | (3,911,859 | ) |
| Net cash used in financing activities                                                       |     |      | (3,911,859 | ) |
| Net decrease in cash and restricted cash                                                    |     |      | (1,324,204 | ) |
| Cash and restricted cash, Beginning of period                                               |     |      |  5,590,346 |   |
| Cash                                                                                        |     | $    |  4,055,707 |   |
| Restricted cash                                                                             |     |      |    210,435 |   |
| Cash and restricted cash, End of period                                                     |     | $    |  4,266,142 |   |
| Supplemental disclosure of cash flow information                                            |     |      |            |   |
| Cash paid for interest during the period                                                    |     | $    |  2,160,782 |   |
| Additions to investments in real estate financed with accounts payable and accrued expenses |     | $    |      9,178 |   |

<div align='center'>See notes to consolidated financial statements.

Amira JV LP and Subsidiary

(A Limited Partnership)

Notes to the Consolidated Financial Statements

December 31, 2023</div>

| 1. | Organization and Description of Business |

Amira JV LP the (“Company”) was formed
on May 14, 2019, as a Delaware limited partnership, owned by Electra Multifamily Investments Fund II, L.P., a Delaware limited partnership
(“Electra Partner”), Fundrise Equity REIT, LLC, (“Investor Partner I”), Fundrise East Coast Opportunistic REIT,
LLC, (“Investor Partner II”), Fundrise Growth eREIT II , LLC, (“Investor Partner III”), Fundrise Growth eREIT
III, LLC, (“Investor Partner IV”) collectively the “Partners”. The Company was formed primarily to acquire, renovate,
finance, own, manage, repair and otherwise manage its wholly owned subsidiary of the Company, directly or through its subsidiary, and
any other property owned by the Company and to carry on any other business which may further the interests as the owner of such property.
The Company has an indefinite term