Company: BHM
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001104659-25-026164
Chunk: 159

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 159
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 of $158.5 million on mortgages payable; |

| ● | net                                                                      
 proceeds of $92.9 million from the issuance of Series A Preferred Stock; |

| ● | proceeds                                                             
 of $71.0 million from borrowings on revolving credit facilities; and |

| ● | capital                                                                                            
 contributions of $5.9 million from partially owned properties’ noncontrolling interests; offset by |

| ● | $22.3                                           
 million of repayments of our mortgages payable; |

| ● | $20.0                                                 
 million of repayments on revolving credit facilities; |

| ● | $8.5                                                  
 million of distributions to noncontrolling interests; |

| ● | $6.3                                 
 million in deferred financing costs; |

| ● | $3.9                                             
 million of distributions to common stockholders; |

| ● | $3.5                                                          
 million in cash distributions paid to preferred stockholders; |

| ● | $2.9                                                                 
 million for purchase of interests from noncontrolling interests; and |

| ● | $0.1                                                                                        
 million in cash distributions paid to partially owned properties’ noncontrolling interests. |

Year ended December 31, 2024 as compared to the year ended December 31, 2023 Operating Activities Net cash flow provided by operating activities decreased $4.8 million in 2024 compared to 2023 primarily due to:

| ● | decrease                                                                                     
 in net distributions of income and income from preferred equity investments of $3.1 million; |

| ● | operating                                                       
 income, adjusted for non-cash activity, decreased $3.0 million; |

| ● | decrease                                           
 in amounts due to affiliates, net of $1.9 million; |

| ● | decrease                                                                       
 in accounts receivable, prepaid expenses and other assets of $1.5 million; and |

| ● | increase                                                            
 in notes and accrued interest receivable of $0.2 million; offset by |

| ● | increase                                                           
 in accounts payable and other accrued liabilities of $1.9 million. |

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Table of Contents

Investing Activities Net cash used in investing activities increased $199.2 million in 2024 compared to 2023 primarily due to:

| ● | net                                                                                            
 increase in acquisition of real estate investments and capital expenditures of $237.1 million; |

| ● | lower                                                                     
 proceeds from redemption of preferred equity investments of $9.6 million; |

| ● | increase