Company: BHM
Filing Date: 2025-05-09
Form Type: 424B3
Source: 0001104659-25-046667
Chunk: 41

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-05-09
Form: 424B3
Chunk 41
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, 2025. The decrease in our total stockholders’ equity is primarily attributable to dividends declared of $2.5 million and preferred stock accretion of $0.5 million, partially offset by comprehensive income of $0.5 million and a net adjustment of $0.4 million for noncontrolling interests. Results of Operations The following is a summary of our consolidated real estate investments as of March 31, 2025:

| ​                                       
 ​                                       
 ​                                       
 ​                                       
 Operating                               
 Investment Name                         
 Scattered                               
 Single-Family Homes                     | ​ 
 ​ 
 ​ | ​                     
 ​                     
 ​                     
 ​                     
 Market / Location     
 ​                     | ​ 
 ​ 
 ​ 
 ​ |         ​ 
         ​ 
         ​ 
 Number of 
     Units 
       (1) 
         ​ | ​ 
 ​ 
 ​ 
 ​ |          ​ 
          ​ 
          ​ 
    Average 
 Year Built 
          ​ | ​ 
 ​ 
 ​ 
 ​ |         ​ 
         ​ 
         ​ 
 Ownership 
  Interest 
         ​ | ​ 
 ​ 
 ​ 
 ​ | ​        
 ​        
 ​        
 Average  
 Rent (2) 
 ​        |     ​ 
     ​ 
     ​ 
     ​ | ​ 
 ​ 
 ​ |         ​ 
         ​ 
         ​ 
 Occupancy 
         – 
       All 
 Units (3) 
         ​ | ​ 
 ​ 
 ​ 
 ​ |         ​ 
 Occupancy 
         – 
 Excluding 
      Held 
       for 
 Sale/Reno 
     Units 
       (4) 
         ​ | ​ 
 ​ 
 ​ 
 ​ 
 ​ 
 ​ |
|:----------------------------------------|:--|:----------------------|:--|----------:|:--|-----------:|:--|----------:|:--|:---------|------:|:--|----------:|:--|----------:|:--|
| Ballast                                 |   | AZ / CO / WA          | ​ |        84 | ​ |       1998 | ​ |        95 | % | $        | 2,086 |   |      98.8 | % |      98.8 | % |
| Golden Pacific                          |   | IN / KS / MO          | ​ |       169 | ​ |       1977 | ​ |        97 | % |          | 1,790 |   |      95.3 | % |      96.