Company: BHM
Filing Date: 2025-08-13
Form Type: 424B3
Source: 0001104659-25-077615
Chunk: 19

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-08-13
Form: 424B3
Chunk 19
---
 |         |   |     |       |         |   |
| Operating partnership units                                                                                                      |     |                | 307,411 |   |     |             |       — |   |     |       | 307,411 |   |
| Partially owned properties                                                                                                       |     |                |  38,696 |   |     |             |       — |   |     |       |  38,696 |   |
| Total Noncontrolling Interests                                                                                                   |     |                | 346,107 |   |     |             |       — |   |     |       | 346,107 |   |
| Total Equity                                                                                                                     |     |                | 483,221 |   |     |             |       — |   |     |       | 483,221 |   |
| TOTAL LIABILITIES AND EQUITY                                                                                                     |     | $              | 964,371 |   |     | $           |       — |   |     | $     | 964,371 |   |

<div align='center'>See Notes to Unaudited Pro Forma Condensed Consolidated
Balance Sheet

BLUEROCK HOMES TRUST, INC.

NOTES TO UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET

AS OF MARCH 31, 2025</div>

| (a) | Historical consolidated                                                                                              
 financial information derived from the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2025. |
|:----|:---------------------------------------------------------------------------------------------------------------------|
| (b) | The acquisition of a limited partnership                                                                             
 interest (the “Marble Investment”) in Marble Capital Income and Impact Fund, LP (the “Marble Fund”) for a purchase   
 price of $25 million.                                                                                                |

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

UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

FOR THE THREE MONTHS ENDED MARCH 31, 2025

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

| Revenues                                                   |     | Bluerock    
 Homes       
 Trust, Inc. 
 Historical  
 (a)         |           |   |     | Pro Forma   
 Adjustments 
 Marble      
 Investment  
 (b)         |     |     |    |     | Pro Forma 
 Total     |