Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 128

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 128
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 located in Tampa, Florida known as Amira at Westly. The purchase price of $103.0 million
was funded with (i) a $56.7 million senior loan secured by Amira at Westly, (ii) borrowings of $36.0 million on a
revolving credit facility, and (iii) cash of $14.5 million that we funded, inclusive of certain adjustments typical in such
real estate transactions. Amira at Westly is the first property that we acquired through a Delaware statutory trust to be part of a private
placement offering through which interests in the Amira DST will be issued to third party accredited investors therein (as further described
below).

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Following the acquisition
of Amira at Westly, the organizational structure with respect to the ownership of Amira at Westly is such that Amira at Westly is owned
by the Amira DST, and the Amira DST is wholly owned by BHM Amira Investment Co, LLC, a Delaware limited liability company and a wholly
owned subsidiary of the Operating Partnership (“BHM Amira Investment Co”). BHM Amira Investment Co initially owns all Class 2
DST Interests in the Amira DST, which will be redeemed over time to permit the issuance of Class 1 DST Interests in the 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 we, through BHM Amira Leaseco, receive and are obligated to pay rent received from Amira at
Westly to the Amira DST.

Acquisition of Residential Communities

In addition to the acquisition
of Amira at Westly presented above, we acquired three operating residential communities as follows: Villas at Huffmeister with 294 units
located in Houston, Texas and acquired through a 95% owned joint venture entity, Avenue at Timberlin Park with 200 units located in Jacksonville,
Florida and acquired with full ownership interests, and Allure at Southpark with 350 units located in Charlotte, North Carolina and acquired
through a 98.05% owned joint venture entity. The aggregate purchase price of these three communities was approximately $167.0 million.

Preferred Equity and Loan Investment Summary

We entered into three new joint