Company: BHM
Filing Date: 2025-01-16
Form Type: 8-K/A
Source: 0001104659-25-004088
Chunk: 10

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-01-16
Form: 8-K/A
Chunk 10
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in due to related party – management fees on the consolidated balance sheet.

| 6. | Subsequent Events |

Management has evaluated all events and transactions
that occurred after December 31, 2023 through February 5, 2024, the date which the consolidated financial statements were available and
issued and noted no items requiring adjustments of the consolidated financial statements or additional disclosures.

<div align='center'>AMIRA AT WESTLY

STATEMENTS OF REVENUES AND CERTAIN OPERATING EXPENSES

(In thousands)</div>

| Revenues                                         |     | Year Ended           
 December 31, 2023(1) |        |     | (Unaudited)        
 Nine Months Ended  
 September 30, 2024 |       |
|:-------------------------------------------------|:----|:---------------------|-------:|:----|:-------------------|------:|
| Rental and other property revenues               |     | $                    | 10,352 |     | $                  | 7,925 |
| Total revenues                                   |     |                      | 10,352 |     |                    | 7,925 |
| Certain Operating Expenses                       |     |                      |        |     |                    |       |
| Property operating expenses                      |     |                      |  3,576 |     |                    | 2,812 |
| Total certain operating expenses                 |     |                      |  3,576 |     |                    | 2,812 |
| Revenues in Excess of Certain Operating Expenses |     | $                    |  6,776 |     | $                  | 5,113 |

| (1) | Amounts                                                                                                                                     
 for the year ended December 31, 2023 reflect the actual results of operations for the Amira at Westly property as shown in the consolidated 
 statement of operations of the Amira JV LP and Subsidiary. Refer to the Explanatory Note of this Form 8-K/A for further information.        |

<div align='center'>See accompanying notes to statements of revenues
and certain operating expenses

AMIRA AT WESTLY

NOTES TO STATEMENTS OF REVENUES AND CERTAIN OPERATING EXPENSES</div>

Note 1 – Business

On October 31, 2024, Bluerock Homes Trust, Inc. (the “Company”), through subsidiaries of it operating partnership,Bluerock
Residential Holdings, L.P. (the “Operating Partnership”), entered into a purchase agreement with BHM Acquisitions