Company: BHM
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001104659-25-026164
Chunk: 237

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 237
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---------------|-------:|:--|:-------------------------------------------------|---------:|:--|:-------------|--------:|:--|:------|--------:|:--|:---------|-------------:|:--|:------------|:--|:----------------|
| Total                                      |   |              | ​ | $           | 260,598 | ​ | $            |  107,741 | ​ | $            | 582,604 | ​ | $              | 37,453 | ​ | $                                                |  107,806 | ​ | $            | 619,992 | ​ | $     | 727,798 | ​ | $        |       44,170 |   |             |   |                 |

| (1) | Abode                                                                                         
 Wendell Falls is a build - to - rent development project that commenced construction in 2024. |

| (2) | Indy-Springfield,                                                                                                                          
 Peak JV 2 and Savannah-84 were funded, in part, by the Amended DB Credit Facility. At December 31, 2024, the outstanding Amended DB Credit 
 Facility balance was $85 million.                                                                                                          |

| (3) | All                                                                                                                                    
 90 units of Peak JV 3 were classifed as held for sale at December 31, 2024 and are included in Total Single-family properties held for 
 sale.                                                                                                                                  |

| (4) | An                                                                                                                                    
 aggregate of 167 units are classifed as held for sale, with such units included in the following portfolios: 8 units of ILE, 37 units 
 of Indy-Springfield, 32 units of Peak JV 2, and all 90 units of Peak JV 3.                                                            |

F-44

Table of Contents

| ​                      
 Bluerock Homes Trust,  
 Inc.                   
 Notes to Schedule III  | ​                 
 ​                 
 December 31, 2024 |
|:-----------------------|:------------------|
| (amounts in thousands) | ​                 |

1. Reconciliation of Real Estate Properties The following table reconciles the Real Estate Properties from January 1, 2023 to December 31, 2024.

| ​                          | ​ 
 ​ | ​ |       ​ 
    2024 | ​ | ​ |       ​ 
    2023 |
|:---------------------------|:--|:--|--------:|:--|:--|--------:|
| Balance at January