Company: BHM
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001104659-25-026164
Chunk: 6

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 6
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 ) |
| Net income                   |     |                 |  1,106,252 |   |     |                 |   62 |   |     |                 |   62 |   |     |              |   62 |   |     |               |    737,626 |   |     |           |  1,844,064 |   |
| Balance at December 31, 2023 |     | $               | 12,692,389 |   |     | $               |  693 |   |     | $               |  703 |   |     | $            |  703 |   |     | $             |  8,462,993 |   |     | $         | 21,157,481 |   |

<div align='center'>See notes to consolidated financial statements.

Amira JV LP and Subsidiary

(A Limited Partnership)

Consolidated Statement of Cash Flows

For the Year Ended December 31, 2023</div>

| Cash flows from operating activities                                  |     | 2023 |            |   |
|:----------------------------------------------------------------------|:----|:-----|-----------:|:--|
| Net income                                                            |     | $    |  1,844,064 |   |
| Adjustments to reconcile net income to net cash provided by operating 
 activities:                                                           |     |      |            |   |
| Depreciation                                                          |     |      |  2,383,391 |   |
| Amortization of loan costs                                            |     |      |     76,528 |   |
| Changes in operating assets and liabilities:                          |     |      |            |   |
| Tenant receivables                                                    |     |      |        (64 | ) |
| Prepaid expenses and other assets                                     |     |      |     (6,042 | ) |
| Accounts payable and accrued expenses                                 |     |      |    (29,016 | ) |
| Tenant security liability                                             |     |      |     (1,416 | ) |
| Due to related party – management feed                                |     |      |      3,378 |   |
| Prepaid rent                                                          |     |      |    (19,419 | ) |
| Net cash provided by operating                                        
 activities                                                            |     |      |  4,251,404 |   |
| Cash flows from investing activities:                                 |     |      |            |   |
| Additions