Company: BHM
Filing Date: 2025-11-06
Form Type: 424B3
Source: 0001104659-25-107769
Chunk: 3

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-06
Form: 424B3
Chunk 3
---
 BR Skytop DST, in the principal amount of approximately
$57.5 million (the “Skytop Senior Loan”), and (iii) borrowings of approximately $22.0 million through the Company’s
existing credit facility with KeyBank National Association (the “KeyBank Credit Facility”). The Skytop Senior Loan is secured
by the Skytop Property, bears interest at a fixed rate of 4.98% per annum with interest-only payments during the term of the loan, and
matures on October 1, 2035. The KeyBank Credit Facility bears interest per annum, at the Company’s option, at SOFR (Daily Simple
or Term) plus 3.60% or the base rate plus 2.50%, and matures one year from the date of funding, subject to certain minimum paydowns, and
timing of such paydowns, pursuant to the terms of the KeyBank Credit Facility.

| ITEM 9.01 | FINANCIAL STATEMENTS AND EXHIBITS |

In accordance with Rule 3-14
and Article 11 of Regulation S-X, the Company hereby files the following financial statements and pro forma financial information related
to the acquisition of the Skytop Property.

Statements in this Current
Report on Form 8-K, including intentions, beliefs, expectations or projections relating to items such as the long-term performance of
the Company’s portfolio are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are based on current expectations and assumptions
with respect to, among other things, future economic, competitive and market conditions, and future business decisions that may prove
incorrect or inaccurate. Important factors that could cause actual results to differ materially from those in the forward-looking statements
include the risks described under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K filed with
the SEC on March 20, 2025 and its other filings with the SEC.

| (c) | Exhibit No. | Description                 |
|     |        23.1 | Consent of Plante Moran, PC |

Independent Auditor’s Report

To the Board of Directors and Stockholders

Bluerock Homes Trust, Inc.

Opinion

We have audited the accompanying statements of
revenues and certain operating expenses (the "Statements") of Skytop Apartments (the "Property") for the