Company: BHM
Filing Date: 2025-05-09
Form Type: 424B3
Source: 0001104659-25-046667
Chunk: 53

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-05-09
Form: 424B3
Chunk 53
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ows from Investing Activities During the three months ended March 31, 2025, net cash provided by investing activities was $19.0 million, primarily due to the following:

| ● | $22.3                                          
 million of repayments on notes receivable; and |

| ● | $6.3                                                                      
 million of proceeds from the sales of real estate investments; offset by: |

| ● | $5.8                                                             
 million used in investments in preferred equity investments; and |

| ● | $3.8                                  
 million used on capital expenditures. |

Cash Flows from Financing Activities During the three months ended March 31, 2025, net cash used in financing activities was $0.5 million, primarily due to the following:

| ● | $36.0                                                 
 million of repayments on revolving credit facilities; |

| ● | $1.9                                                    
 million of distributions to preferred stockholders; and |

| ● | $1.7                                                   
 million of repayments on mortgages payable; offset by: |

| ● | $25.2                                                       
 million of contributions from noncontrolling interests; and |

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| ● | net                                                                                
 proceeds of $14.1 million from the issuance of shares of Series A Preferred Stock. |

Capital Expenditures The following table summarizes our total capital expenditures for the three months ended March 31, 2025 and 2024 (amounts in thousands):

| ​                                       | ​ |            ​ |     ​ | ​ |    ​ |     ​ |
| ​                                       | ​ |        Three 
 Months Ended |       |   |      |       |
| ​                                       | ​ |    March 31, |       |   |      |       |
| ​                                       |   |         2025 |       |   | 2024 |       |
| New development                         | ​ |            $ | 1,933 | ​ |    $ |   130 |
| Redevelopment/renovations               | ​ |            ​ | 1,302 | ​ |    ​ |   639 |
| Routine capital expenditures            | ​ |            ​ | 1,030 | ​ |    ​ |   936 |
| Normally recurring capital expenditures | ​ |            ​ |   195 | ​ |    ​ |   121 |
| Total capital expenditures              | ​ |            $ | 4,460 | ​ |    $ | 1,826 |

New development represents the expenditures for