Company: BHM
Filing Date: 2025-11-06
Form Type: 424B3
Source: 0001104659-25-107769
Chunk: 43

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-06
Form: 424B3
Chunk 43
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 deposit. Payment by BREH of any amounts payable under the Leasehold Cost-Sharing Agreement to the Company will be made in cash. The table below presents the related party amounts receivable from BREH at September 30, 2025 and December 31, 2024 pursuant to the terms of the Leasehold Cost-Sharing Agreement (amounts in thousands). The Company records these receivables in due from affiliates on its consolidated balance sheets.

| ​                                           | ​                                               
 Amounts receivable from                         
 BREH under the Leasehold Cost-Sharing Agreement | ​ |                  ​ 
 September 30, 2025 | ​ | ​ |                 ​ 
 December 31, 2024 |
|:--------------------------------------------|:------------------------------------------------|:--|-------------------:|:--|:--|------------------:|
| Capital improvement cost reimbursements     | ​                                               | $ |                672 | ​ | $ |               925 |
| Operating and direct expense reimbursements |                                                 | ​ |                227 |   | ​ |               124 |
| Total amounts receivable from BREH          | ​                                               | $ |                899 | ​ | $ |             1,049 |

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Table of Contents

At
September 30, 2025 and December 31, 2024, the Company had $0.04 million and zero in other receivables due from related parties.

Harmony at Clear Creek Development

In
connection with the Harmony at Clear Creek land acquisition that occurred on September 30, 2025 (refer to Note 3 for further information),
the Harmony JV entered into a joint venture agreement with BTR Preferred Investments, LLC (“BTR Preferred”), an entity that
includes an affiliate of the Manager, in which BTR Preferred committed to fund up to $16.8 million of preferred equity interests in the
Harmony at Clear Creek development. At September 30, 2025, BTR Preferred has not funded any of the committed amount.

Selling Commissions
and Dealer Manager Fees

In
conjunction with the offering of the Company’s Series A Preferred Stock (refer to Note 15 for further information), the Company
engaged Bluerock Capital Markets, LLC, an affiliate of the Manager, as dealer manager, and pays up to 10% of the gross offering proceeds
from the offering as selling commissions and dealer manager fees. The dealer manager re-allows the substantial majority of the selling
commissions and dealer manager fees to