Company: BHM
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001104659-25-026164
Chunk: 238

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 238
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 1       | ​ | $ | 498,542 | ​ | $ | 489,991 |
| Acquisition of real estate | ​ |   | 269,289 | ​ |   |  10,843 |
| Capital expenditures       | ​ |   |   9,863 | ​ |   |   8,180 |
| Impairment                 | ​ | ​ |  -4,703 | ​ | ​ |  -1,330 |
| Disposition of real estate | ​ | ​ | -45,193 | ​ | ​ |  -9,142 |
| Balance                    
 at December 31             | ​ | $ | 727,798 | ​ | $ | 498,542 |

2. Reconciliation of Accumulated Depreciation The following table reconciles the Real Estate Properties from January 1, 2023 to December 31, 2024.

| ​                                 | ​ 
 ​ | ​ |      ​ 
   2024 | ​ | ​ |      ​ 
   2023 |
|:----------------------------------|:--|:--|-------:|:--|:--|-------:|
| Balance at January 1              | ​ | $ | 33,642 | ​ | $ | 17,865 |
| Current year depreciation expense | ​ |   | 17,379 | ​ |   | 16,178 |
| Disposition of real estate        | ​ |   | -6,851 | ​ |   |   -401 |
| Balance                           
 at December 31                    | ​ | $ | 44,170 | ​ | $ | 33,642 |

F-45

Table of Contents

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 Description                                           | ​ 
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 Property Name      | ​ 
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 Location        | ​ 
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 Interest Rate | ​ 
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 Maturity Date | ​ 
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 Periodic Payment 
            Terms | ​ 
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 Prior Liens | ​ 
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 Face Amount of 
 Loans          
 (in