Company: BHM
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001104659-25-026164
Chunk: 32

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 32
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 |             |      — |      |     |           |      (130 | ) |
| Net loss attributable to noncontrolling interests       |     |                |           |   |     |             |        |      |     |           |           |   |
| Operating partnership units                             |     |                |    (8,996 | ) |     |             | (2,298 | )    |     |           |   (11,294 | ) |
| Partially owned properties                              |     |                |    (2,398 | ) |     |             |    (69 | )    |     |           |    (2,467 | ) |
| Net loss attributable to noncontrolling interests       |     |                |   (11,394 | ) |     |             | (2,367 | )    |     |           |   (13,761 | ) |
| Net loss attributable to common stockholders            |     | $              |    (4,503 | ) |     | $           | (1,151 | )    |     | $         |    (5,654 | ) |
| Loss per common share (f)                               |     |                |           |   |     |             |        |      |     |           |           |   |
| Net loss per common share – Basic                       |     | $              |     (1.30 | ) |     |             |        |      |     | $         |     (1.60 | ) |
| Net loss per common share – Diluted                     |     | $              |     (1.30 | ) |     |             |        |      |     | $         |     (1.60 | ) |
| Weighted average basic common shares outstanding        |     |                | 3,845,349 |   |     |             |        |      |     |           | 3,845,349 |   |
| Weighted average diluted common shares outstanding      |     |                | 3,845,349 |   |     |             |        |      |     |           | 3,845,349 |   |

<div align='center'>See Notes to Unaudited Pro Forma Condensed Consolidated
Statement of Operations

BLUEROCK HOMES TRUST, INC.

NOTES TO UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

FOR THE YEAR ENDED DECEMBER 31,