Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 140

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 140
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4, we had contractual commitments to fund future cash obligations in certain of our preferred equity investments and loan investments
in the aggregate of $17.6 million and zero, respectively. In addition, we made a commitment to fund the total estimated project costs
of $56.9 million for the development of Abode Wendell Falls, a 170-unit build-to-rent development project in Wendell, North Carolina.
As of December 31, 2024, the remaining estimated project costs to complete Abode Wendell Falls was $49.4 million.

As equity capital market
conditions permit, we may supplement our capital for short-term liquidity needs with proceeds of potential offerings of our common and
preferred stock, as well as the issuance of OP Units. Given the significant volatility in the trading price of REIT equities and our
otherwise stable financial condition and liquidity position, we cannot provide assurances that these offerings are a likely source of
capital to meet short-term liquidity needs.

On February 13, 2024,
our board of directors authorized a stock repurchase plan that provided for the repurchase, from time to time, of up to an aggregate
of $5 million of our outstanding shares of Class A common stock, with such repurchases to be conducted in accordance with the requirements
of Rule 10b-18 of the Securities Exchange Act of 1934 (the “Exchange Act”) and subject to Rule 10b-5 of the Exchange
Act (the “Original Repurchase Plan”). The Original Repurchase Plan had a term of one year and ended in February 2025.
We made no repurchases of our Class A common stock under the Original Repurchase Plan. On February 28, 2025, the board of directors
authorized a new stock repurchase plan for an additional one-year term with the same terms as the Original Repurchase Plan (the “New
Repurchase Plan”), which New Repurchase Plan will expire in February 2026. The extent to which we repurchase shares of our
Class A common stock under the New Repurchase Plan, and the timing of any such repurchases, depends on a variety of factors including
general business and market conditions and other corporate considerations. We expect to repurchase shares of our Class A common
stock 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