Company: BHM
Filing Date: 2025-07-01
Form Type: 8-K/A
Source: 0001104659-25-064664
Chunk: 6

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-07-01
Form: 8-K/A
Chunk 6
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eto.

The unaudited pro forma condensed
consolidated balance sheet as of March 31, 2025, and the unaudited pro forma condensed consolidated statement of operations and comprehensive
income for the three months ended March 31, 2025, and the year ended December 31, 2024, have been prepared to provide pro forma financial
information with regard to the Southern Pine Reserve acquisition on April 28, 2025, which the Company expects to consolidate.

The pro forma condensed consolidated
balance sheet at March 31, 2025 assumes that the Southern Pines Reserve acquisition occurred on March 31, 2025.

The pro forma condensed consolidated
statements of operations and comprehensive income assume the transaction referred to above occurred on January 1, 2024. In February 2025,
Southern Pines Reserve sustained a fire that resulted in the loss of eight units. The pro forma condensed consolidated statements of operations
and comprehensive income have been adjusted to reflect the loss of these units.

Our pro forma financial information
is not necessarily indicative of what our actual financial position and results of operations would have been as of the date and for the
periods indicated, nor does it purport to represent our future financial position or results of operations.

All completed acquisitions
are accounted for as asset acquisitions. The purchase price was allocated to the acquired assets and assumed liabilities based on their
estimated fair values at the date of acquisition.

These unaudited pro forma
condensed consolidated financial statements are prepared for informational purposes only. In management’s opinion, all material
adjustments necessary to reflect the effects of the transactions referred to above have been made. Our unaudited pro forma condensed consolidated
financial statements are based on assumptions and estimates considered appropriate by the Company’s management. However, they are
not necessarily indicative of what our consolidated financial condition or results of operations would have been assuming the transactions
referred to above had occurred as of the dates indicated, nor do they purport to represent our consolidated financial position or results
of operations for future periods.

<div align='center'>BLUEROCK HOMES TRUST, INC.

UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET

AS OF MARCH 31, 2025

(In thousands, except share and per share amounts)</div>

| ASSETS                                                                                                                                                                     
 Net real estate investments                                                                                                                                                |     | Bluerock Homes 
 Trust, Inc.    
 Historical     
 (a)            |         |