Company: BHM
Filing Date: 2025-02-18
Form Type: 8-K/A
Source: 0001104659-25-014738
Chunk: 6

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-02-18
Form: 8-K/A
Chunk 6
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balance sheet at September 30, 2024 assumes that the Allure at Southpark acquisition occurred on September 30, 2024.

The pro forma condensed consolidated
statements of operations assume the transaction referred to above occurred on January 1, 2023.

Our pro forma financial information
is not necessarily indicative of what our actual financial position and results of operations would have been as of the date and for the
periods indicated, nor does it purport to represent our future financial position or results of operations.

All completed acquisitions
are accounted for as asset acquisitions. The purchase prices were allocated to the acquired assets and assumed liabilities based on their
estimated fair values at the dates of acquisition.

These unaudited pro forma
condensed consolidated financial statements are prepared for informational purposes only. In management’s opinion, 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 
 Allure at   
 Southpark   
 (b)         |         |   |     | Pro Forma 
 Total     |         |   |
|:-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:---------------|--------:|:--|:----|:------------|--------:|:--|:----|:----------|--------:|:--|
| Land                                                                                                                                                                           |     | $              |  78,342 |   |     | $           |  10,451 |   |     | $         |  88,793 |   |
| Buildings and improvements                                                                                                                                                     |     |                | 414,880 |   |     |             |  79,