Company: BHM
Filing Date: 2025-08-13
Form Type: 424B3
Source: 0001104659-25-077615
Chunk: 129

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-08-13
Form: 424B3
Chunk 129
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. We expect
that any repurchases of our Class A common stock will be through open market transactions, subject to market conditions, certain price
limitations and other conditions established under the plan. Open market repurchases will be structured to occur in conformity with the
method, timing, price and volume requirements of Rule 10b-18 of the Exchange Act. As of June 30, 2025, we had not made any repurchases
of our Class A common stock.

Our
primary long-term liquidity requirements relate to (i) costs for additional residential investments, including development properties,
(ii) repayment of long-term debt and our revolving credit facility, (iii) capital expenditures, (iv) cash redemption requirements related
to our Series A Preferred Stock, (v) cash requirements related to our Series A Preferred Stock Safeguard Policy, and (vi) Class A common
stock repurchases under our stock repurchase plan.

We
intend to finance our long-term liquidity requirements with net proceeds of additional issuances of common and preferred stock, including
issuances in connection with the continuous registered offering of our Series A Preferred Stock, our revolving credit facility, as well
as future acquisition or project-based borrowings. Our success in meeting these requirements will therefore depend upon our ability to
access capital. Further, our ability to access equity capital is dependent upon, among other things, general market conditions for REITs
and the capital markets generally, market perceptions about us and our asset class, and current trading prices of our securities.

As
we did in the six months ended June 30, 2025, we may also selectively sell consolidated operating assets at appropriate times, which would
be expected to generate cash sources for both our short-term and long-term liquidity needs.

We
may also meet our long-term liquidity needs through borrowings from a number of sources, either at the corporate or project level. We
believe our revolving credit facility will serve as our primary debt source that will continue to enable us to deploy our capital more
efficiently and provide capital structure flexibility as we grow our asset base. In addition to restrictive covenants, our revolving credit
facility contains material financial covenants. At June 30, 2025, we were in compliance with all covenants under our revolving credit
facility. We will continue to monitor the debt markets, including Fannie Mae and Freddie Mac, and as market conditions permit, access
borrowings that are advantageous to us.

If
we are unable to