Company: BHM
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001104659-25-026164
Chunk: 196

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 196
---
Amira DST to third party accredited investors therein as part of a private placement offering. Amira at Westly is subject to a Master
Lease Agreement with BHM Amira Leaseco, LLC, a Delaware limited liability company and a wholly owned subsidiary of the Operating Partnership
(“BHM Amira Leaseco”), pursuant to which the Company, through BHM Amira Leaseco, receives and is obligated to pay rent received
from Amira at Westly to the Amira DST.

Acquisition of Allure at Southpark

On
December 6, 2024, the Company, through a 98.05% owned joint venture entity, acquired a 350-unit residential community located in Charlotte,
North Carolina known as Allure at Southpark. The purchase price of $92.0 million was funded with a $55.2 million senior loan secured by
Allure at Southpark, along with cash of $39.3 million funded by the Company, inclusive of certain adjustments typical in such real estate
transactions.

Purchase Price Allocation

The
real estate acquisitions above have been accounted for as asset acquisitions. The purchase prices were allocated to the acquired assets
and mortgage assumed based on their estimated fair values at the dates of acquisition.

<div align='center'>F-16</div>

Table of Contents

The following table summarizes the assets acquired and mortgage assumed at the acquisition dates for the Company’s acquisitions made during the year ended December 31, 2024 (amounts in thousands):

| ​                         
 ​                         
 ​                         
 ​                         | ​ 
 ​ 
 ​ | ​          
 Purchase   
 Price      
 Allocation |       ​ |
|:--------------------------|:--|:-----------|--------:|
| Land                      | ​ | $          |  38,440 |
| Building                  | ​ | ​          | 200,794 |
| Building improvements     | ​ |            |   4,861 |
| Land improvements         | ​ |            |  20,376 |
| Furniture and fixtures    | ​ |            |   4,818 |
| In-place leases           | ​ |            |   5,309 |
| Total assets acquired (1) | ​ | $          | 274,598 |
| ​                         | ​ |            |       ​ |
| Mortgage assumed          | ​ | $          |  27,440 |
| Fair value adjustment     | ​ |            |  -3,107 |
| Total liabilities assumed | ​ | $          |  24,