Company: BHM
Filing Date: 2025-10-08
Form Type: S-11
Source: 0001104659-25-097905
Chunk: 151

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 151
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ash items of $11.6 million; |

| · | distributions of income and income from preferred equity investments of $10.7 million; |

| · | an increase in accounts payable and other accrued liabilities of $4.7 million; |

| · | an increase in due to affiliates of $1.8 million; and |

| · | a decrease in notes and accrued interest receivable of $0.5 million; offset by: |

| · | an increase in accounts receivable, prepaids and other assets of $1.3 million. |

Cash Flows from Investing Activities

During the six months ended
June 30, 2025, net cash used in investing activities was $26.0 million, primarily due to the following:

| · | $58.7 million used in the acquisition of real estate investments; |

| · | $25.0 million used in an investment in an unconsolidated real estate fund; |

| · | $8.9 million used on capital expenditures; |

| · | $8.1 million used in investments in preferred equity investments; and |

| · | $1.6 million used in purchase of rate caps; offset by: |

| · | $31.7 million of repayments on notes receivable; |

| · | $30.8 million of proceeds from the sale and redemption of preferred equity investments; and |

| · | $13.7 million of proceeds from the sales of real estate investments. |

Cash Flows from Financing Activities

During the six months ended
June 30, 2025, net cash provided by financing activities was $25.0 million, primarily due to the following:

| · | $41.5 million of contributions from noncontrolling interests; |

| · | borrowings of $30.7 million on mortgages payable; |

| · | net proceeds of $26.0 million from the issuance of shares of Series A Redeemable Preferred Stock; and |

| · | proceeds of $20.0 million from borrowings on revolving credit facilities; offset by: |

| · | $81.0 million of repayments on revolving credit facilities; |

| · | $4.1 million of cash distributions paid to preferred stockholders; |

| · | $4.0 million of repayments on mortgages payable; |

| · | $1.7 million in deferred financing costs; |

| · | $1.1 million of distributions to noncontrolling interests; |

| · |