Company: BHM
Filing Date: 2025-08-13
Form Type: 424B3
Source: 0001104659-25-077615
Chunk: 118

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-08-13
Form: 424B3
Chunk 118
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 | ​ |         ​ | ​ |
| Abode Wendell                           
 Fall (5)                                | ​ | Wendell, NC           | ​ |       170 | ​ |          — | ​ |       100 | % | ​        |     — | ​ |         — | ​ |         — | ​ |
| Total                                   
 Development Units                       | ​ | ​                     | ​ |       170 | ​ |          ​ | ​ |         ​ | ​ | ​        |     ​ | ​ |         ​ | ​ |         ​ | ​ |
| Total                                   
 Units                                   | ​ | ​                     | ​ |     3,640 | ​ |          ​ | ​ |         ​ | ​ | ​        |     ​ | ​ |         ​ | ​ |         ​ | ​ |

| (1) | Total operating                                                                                                                       
 units includes an aggregate of 94 units classified as held for sale, with such units included in the following portfolios: 3 units of 
 ILE, 25 units of Indy-Springfield, 13 units of Peak JV 2, and all 53 units of Peak JV 3.                                              |

| (2) | Represents                                                                                                                             
 the average of the ending average effective rent per occupied unit as of the last day of each month in the three months ended June 30, 
 2025.                                                                                                                                  |

| (3) | Percent occupied                                                                                                                        
 is calculated as (i) the number of units occupied as of June 30, 2025 divided by (ii) total number of units, expressed as a percentage. |

| (4) | Percent occupied                                                                                                                        
 is calculated as (i) the number of units occupied as of June 30, 2025 divided by (ii) total number of units, expressed as a percentage, 
 and excludes 94 units classified as held for sale and an aggregate of 10 down/renovation units.                                         |

| (5) | Abode Wendell                                                                     
 Falls is a build-to-rent development project that commenced construction in 2024. |

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Table of Contents

The following is a summary of our consolidated operational results by reportable segment for the three and six months ended June 30, 2025 and 2024 ($ in thousands, except average rental rates):

| ​                                  
 ​                                  
 ​                                  
 Rental                             
 and other property revenues        | ​ 
 ​ 
 ​ | ​                     
 Three                 
 Months Ended June 30, 
 2025