Company: BHM
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001104659-25-026164
Chunk: 197

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 197
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333 |

| (1) | The $274.6                                                                                                                              
 million of total assets acquired includes $4.7 million of acquisition expenses that have been capitalized as the acquisitions have been 
 accounted for as asset acquisitions.                                                                                                    |

Acquisition of Additional Interests in Investments In January 2023, the Company purchased the noncontrolling partner’s interest in Savannah-84 for $0.9 million, increasing the Company’s interest in the portfolio from 80% to 100%. In March 2023, the Company purchased the noncontrolling partner’s interest in Indy-Springfield for $4.1 million, increasing the Company’s interest in the portfolio from 60% to 100%. Note 4 – Sale of Real Estate Assets and Held for Sale Real Estate Assets Sale of Willow Park Interests On October 26, 2023, Willow Park, the underlying asset of an unconsolidated joint venture located in Willow Park, Texas, was sold. Upon the sale, the Company’s preferred equity investment was redeemed for $4.1 million, which included $2.9 million of its total $4.6 million principal investment and $1.2 million of accrued preferred return. The Company’s investment was collateralized by The Woods at Forest Hill and the operating partnership of Peak Housing REIT (the “Peak REIT OP”), and the remaining $1.7 million of the Company’s principal investment was fully redeemed in 2024. Sale of The Cottages at Warner Robins Interests On December 15, 2023, The Cottages at Warner Robins, the underlying asset of an unconsolidated joint venture located in Warner Robins, Georgia, was sold. Upon the sale, the Company’s preferred equity investment was redeemed by the joint venture for $16.6 million, which included its original preferred investment of $13.3 million, accrued preferred return of $3.1 million and a minimum interest payment of $0.2 million. Sale of Navigator Villas Prior to the sale of the property, and to effectuate a tax-deferred exchange under Section 1031 of the Code, the Company purchased its joint venture partner’s interest in Navigator Villas for $2.9 million, inclusive of estimated post-close adjustments. On August 7, 2024, the Company closed on the sale of Navigator Villas located in Pasco, Washington for a sale price of $36.4 million, subject to certain prorations and adjustments typical in such