Company: BHM
Filing Date: 2025-03-28
Form Type: POS AM
Source: 0001104659-25-029225
Chunk: 121

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-28
Form: POS AM
Chunk 121
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 whether as a result
of new information, future events, changed circumstances or any other reason. In light of the significant uncertainties inherent in the
forward-looking statements included in this prospectus, including, without limitation, the risks described under “Risk Factors,”
the inclusion of such forward-looking statements should not be regarded as a representation by us or any other person that the objectives
and plans set forth in this prospectus will be achieved.

<div align='center'>60

ESTIMATED USE OF PROCEEDS</div>

The following table sets
forth our estimated use of proceeds from this offering, assuming that we sell the maximum of 20,000,000 shares of our Series A Redeemable
Preferred Stock in this offering at the public offering price of $25.00 per share for maximum gross offering proceeds of
$500 million. However, the number of shares of our Series A Redeemable Preferred Stock to be offered and other terms of the offering
under this prospectus may vary from these assumptions.

<div align='center'>Estimated Application of Offering Proceeds</div>

|                                    |     | Maximum Offering 
 Amount           |             |     | Percent |        |   |
|:-----------------------------------|:----|:-----------------|------------:|:----|:--------|-------:|:--|
| Gross offering proceeds            |     | $                | 500,000,000 |     |         |  100.0 | % |
| Offering expenses:                 |     |                  |             |     |         |        |   |
| Selling commissions(1)             |     | $                |  35,000,000 |     |         |   7.00 | % |
| Placement fee(1)                   |     | $                |  15,000,000 |     |         |   3.00 | % |
| Other offering expenses(2)         |     | $                |   6,250,000 |     |         |   1.25 | % |
| Amount available for investment(3) |     | $                | 443,750,000 |     |         |  88.75 | % |
| Cash down payment (equity)         |     | $                | 419,750,000 |     |         |  83.95 | % |
| Acquisition expenses               |     | $                |  19,000,000 |     |         |   3.80