Company: BHM
Filing Date: 2025-08-13
Form Type: 424B3
Source: 0001104659-25-077615
Chunk: 128

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-08-13
Form: 424B3
Chunk 128
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,752 | ​ | $    | 9,998 | ​ | $         | 152,498 | ​ | $         | 108,182 | ​ | $          | 165,074 |

Estimated interest payments are based on the stated rates for mortgage notes payable assuming the interest rate in effect for the most recent quarter remains in effect through the respective maturity dates. At June 30, 2025, we had contractual commitments to fund future cash obligations in certain of our preferred equity investments in the aggregate of $26.2 million. In addition, we made a commitment to fund the total estimated project costs of $56.9 million for the development of Abode Wendell Falls, a 170-unit build-to-rent development project in Wendell, North Carolina. At June 30, 2025, the remaining estimated project costs to complete Abode Wendell Falls was $45.3 million.

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Table of Contents

As
equity capital market conditions permit, we may supplement our capital for short-term liquidity needs with proceeds of potential offerings
of our common and preferred stock, as well as the issuance of OP Units. Given the significant volatility in the trading price of REIT
equities and our otherwise stable financial condition and liquidity position, we cannot provide assurances that these offerings are a
likely source of capital to meet short-term liquidity needs.

On
February 13, 2024, our board of directors (the “Board”) authorized a stock repurchase plan for the repurchase of up to an
aggregate of $5 million of our outstanding shares of Class A common stock. The repurchase plan had a term of one year and ended in February
2025. We made no repurchases of our Class A common stock under the plan.

On
February 28, 2025, our Board authorized a new stock repurchase plan for the repurchase, from time to time, of up to an aggregate of $5
million of our outstanding shares of Class A common stock, with such repurchases to be conducted in accordance with the requirements of
Rule 10b-18 of the Exchange Act and subject to Rule 10b-5 of the Exchange Act. The repurchase plan has a term of one year and may be discontinued
at any time. The extent to which we repurchase shares of our Class A common stock under the repurchase plan, and the timing of any such
repurchases, depends on a variety of factors including general business and market conditions and other corporate considerations