Company: BHM
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001104659-25-026164
Chunk: 134

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 134
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 as (i) the number of units occupied as of December 31, 2024 divided by (ii) total number of units, expressed as 
 a percentage.                                                                                                                          |

| (4) | Percent                                                                                                                                
 occupied is calculated as (i) the number of units occupied as of December 31, 2024 divided by (ii) total number of units, expressed as 
 a percentage, and excludes 167 units classified as held for sale and an aggregate of 7 down/renovation units.                          |

| (5) | Abode                                                                                     
 Wendell Falls is a build-to-rent development project that commenced construction in 2024. |

59

Table of Contents

Preferred Equity and Loan Investments

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 Lease-up Investment Name       | ​ 
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 ​ | ​                  
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 ​                  
 Location / Market  | ​ 
 ​ 
 ​ 
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 ​ |        ​ 
        ​ 
  Actual/ 
  Planned 
   Number 
 of Units | ​ 
 ​ 
 ​ 
 ​ 
 ​ | ​             
 Total Actual/ 
 Estimated     
 Construction  
 Cost          
 (in millions) |    ​ | ​ 
 ​ 
 ​ 
 ​ 
 ​ | ​             
 ​             
 ​             
 ​             
 Cost to Date  
 (in millions) |    ​ 
    ​ 
    ​ 
    ​ | ​ 
 ​ 
 ​ 
 ​ 
 ​ | ​             
 ​             
 Actual/       
 Estimated     
 Construction  
 Cost Per Unit |       ​ 
       ​ | ​ 
 ​ 
 ​ 
 ​ 
 ​ | ​         
 ​         
 Actual/   
 Estimated 
 Initial   
 Occupancy | ​ 
 ​ 
 ​ 
 ​ 
 ​ | ​            
 ​            
 Actual/      
 Estimated    
 Construction 
 Completion   | ​ 
 ​ 
 ​ 
 ​ 
 ​ | ​          
 ​          
 ​          
 ​          
 ​          
 % Occupied |    ​ 
    ​ 
    ​ | ​ 
 ​ 
 ​ 
 ​ 
 ​ | ​         
 ​         
 ​         
 Estimated 
 Average   
 Rent (1)  |     ​ 
     ​ 
     ​ |
|:-------------------------------|:--|:-------------------|:--|---------:|:--|:--------------|-----:|:--|:--------------|-----:|:--|:--------------|--------:|:--|:----------|:--|:-------------|:--|:-----------|-----:|:--|:----------|------:|
| Willow Park