Company: BHM
Filing Date: 2025-08-13
Form Type: 424B3
Source: 0001104659-25-077615
Chunk: 137

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-08-13
Form: 424B3
Chunk 137
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--|------:|:--|:--|-------:|:--|:--|-----------:|:--|:--|--------:|:--|
| Mortgage Notes Payable         | ​ | $ |  965 | ​ | $ | 33,558 | ​ | $ | 84,107 | ​ | $ | 5,702 | ​ | $ | 80,450 | ​ | $ |    142,555 | ​ | $ | 347,337 | ​ |
| Weighted Average Interest Rate | ​ |   | 3.96 | % |   |   4.18 | % |   |   7.21 | % |   |  5.75 | % |   |   5.11 | % |   |       5.18 | % |   |    5.56 | % |

The fair value of mortgages payable is estimated at $343.8 million at June 30, 2025. The table above incorporates those exposures that exist at June 30, 2025; it does not consider those exposures or positions which could arise after that date. As a result, our ultimate realized gain or loss with respect to interest rate fluctuations will depend on the exposures that arise during the period and interest rates. At June 30, 2025, we had interest rate caps and swaps, which are not accounted for as hedges, that we primarily use as part of our interest rate risk management strategy. Our interest rate caps and swaps mitigate our exposure to interest rate risk by providing a ceiling on the underlying interest rate for $101.0 million of our debt. Based on our debt outstanding and interest rates in effect at June 30, 2025, a 100-basis point increase or decrease in interest rates on the portion of our debt bearing interest at variable rates would increase interest expense by approximately $58,000 or decrease interest expense by approximately $58,000, respectively, for the quarter ended June 30, 2025.

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Table of Contents

#### Item 4. Controls
and Procedures

#### Disclosure Controls
and Procedures

Evaluation of Disclosure
Controls and Procedures

As
required by Rule 13a-15(b) and Rule 15d-15(b) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”),
our management, including our Chief Executive Officer and Chief Financial Officer, evaluated, as of June 30,