Company: BHM
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001104659-25-026164
Chunk: 160

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 160
---

 in investment in notes receivable of $4.6 million; and |

| ● | increase                                                    
 in purchase of interest rate cap of $2.7 million; offset by |

| ● | higher                                                               
 proceeds from the sales of real estate investments of $41.0 million; |

| ● | increased                                           
 repayments on notes receivable of $8.3 million; and |

| ● | lower                                                        
 investments in preferred equity investments of $5.5 million. |

Financing Activities Net cash provided by financing activities increased $245.1 million in 2024 compared to 2023 primarily due to:

| ● | increase                                  
 in mortgage borrowings of $158.5 million; |

| ● | increase                                                               
 in net proceeds from the Series A Preferred Offering of $84.2 million; |

| ● | increase                                             
 in proceeds from credit facilities of $50.0 million; |

| ● | increase                                                        
 in contributions from noncontrolling interests of $5.5 million; |

| ● | increase                                                         
 in the purchase of noncontrolling interests of $2.2 million; and |

| ● | decrease                                                                                              
 in distributions paid to partially owned properties’ noncontrolling interests $0.2 million; offset by |

| ● | increase                                     
 in net mortgage repayments of $20.8 million; |

| ● | increase                                
 in distributions paid of $15.8 million; |

| ● | increase                                                      
 in revolving credit facility repayments of $14.0 million; and |

| ● | increase                                    
 in deferred financing fees of $4.9 million. |

Capital Expenditures The following table summarizes our total capital expenditures incurred for the years ended December 31, 2024 and 2023 (amounts in thousands):

| ​                                       | ​ 
 ​ | ​ |     ​ 
  2024 | ​ | ​ |     ​ 
  2023 |
|:----------------------------------------|:--|:--|------:|:--|:--|------:|
| New development                         | ​ | $ |   986 | ​ | $ |     — |
| Redevelopment/renovations               | ​ |   | 4,266 | ​ |   | 4,551 |
| Routine capital expenditures            | ​ | ​ | 3,982 | ​ | ​ | 3,193 |
| Normally recurring capital expenditures | ​ |   |   629 | ​ |   |   436 |