Company: BHM
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001104659-25-026164
Chunk: 156

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 156
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 (v) Class A common stock repurchases under our stock repurchase plan. We intend to finance our long-term liquidity requirements with net proceeds of additional issuances of common and preferred stock, including issuances in connection with the continuous registered offering of our Series A Preferred Stock, our revolving credit facilities, our DST Program, as well as future acquisition or project-based borrowings. Our success in meeting these requirements will therefore depend upon our ability to access capital. Further, our ability to access equity capital is dependent upon, among other things, general market conditions for REITs and the capital markets in general, market perceptions about us and our asset class, and current trading prices of our securities. As we did in the year ended December 31, 2024, we may also selectively sell consolidated operating assets at appropriate times, which would be expected to generate cash sources for both our short-term and long-term liquidity needs.

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We
may also meet our long-term liquidity needs through borrowings from a number of sources, either at the corporate or project level. In
December 2023, we entered into an amended and restated credit agreement with Deutsche Bank Securities, Inc. and a syndicate of other lenders,
which provides for a revolving loan with a maximum commitment amount of $150 million (the “Amended DB Credit Facility”). In
addition, in October 2024, we entered into a credit agreement with KeyBank National Association and a syndicate of other lenders, which
provides for a revolving loan with a maximum commitment amount of $50 million (the “KeyBank Credit Facility”). We believe
our revolving credit facilities will serve as our primary debt source that will continue to enable us to deploy our capital more efficiently
and provide capital structure flexibility as we grow our asset base. In addition to restrictive covenants, our revolving credit facilities
contain material financial covenants. At December 31, 2024, we were in compliance with all covenants under our credit facilities. We will
continue to monitor the debt markets, including Fannie Mae and Freddie Mac, and as market conditions permit, access borrowings that are
advantageous to us.

If
we are unable to obtain financing on favorable terms or at all, we would likely need to curtail our investment activities, including acquisitions
and improvements to and developments of real properties, which could limit our growth prospects. This, in turn, could reduce cash available
for distribution to our stockholders and may hinder our ability