Company: BHM
Filing Date: 2025-05-09
Form Type: 424B3
Source: 0001104659-25-046667
Chunk: 49

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-05-09
Form: 424B3
Chunk 49
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,417 | ​ | $         | 59,522 | ​ | $         |  86,152 | ​ | $          | 111,816 |
| Amended DB Credit                                                
 Facility                                                         | ​ |       |  85,000 | ​ | ​    | 85,000 | ​ | ​         |      — | ​ | ​         |       — | ​ | ​          |       — |
| Estimated Interest                                               
 Payments on Mortgages Payable and the Amended DB Credit Facility | ​ |       |  67,943 | ​ | ​    | 10,393 | ​ | ​         | 24,845 | ​ | ​         |  18,846 | ​ | ​          |  13,859 |
| Total                                                            | ​ | $     | 411,850 | ​ | $    | 96,810 | ​ | $         | 84,367 | ​ | $         | 104,998 | ​ | $          | 125,675 |

Estimated interest payments are based on the stated rates for mortgage notes payable assuming the interest rate in effect for the most recent quarter remains in effect through the respective maturity dates. At March 31, 2025, we had contractual commitments to fund future cash obligations in certain of our preferred equity investments and our loan investment in the aggregate of $15.1 million and zero, respectively. In addition, we made a commitment to fund the total estimated project costs of $56.9 million for the development of Abode Wendell Falls, a 170-unit build-to-rent development project in Wendell, North Carolina. At March 31, 2025, the remaining estimated project costs to complete Abode Wendell Falls was $47.5 million.

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Table of Contents

As
equity capital market conditions permit, we may supplement our capital for short-term liquidity needs with proceeds of potential offerings
of our common and preferred stock, as well as the issuance of OP Units. Given the significant volatility in the trading price of REIT
equities and our otherwise stable financial condition and liquidity position, we cannot provide assurances that these offerings are a
likely source of capital to meet short-term liquidity needs.

On
February 13, 2024, our board of directors (the “Board”) authorized a stock repurchase plan for the repurchase of up to an
aggregate of $5 million of our outstanding shares of Class A common stock. The repurchase plan had a term of