Company: BHM
Filing Date: 2025-03-28
Form Type: POS AM
Source: 0001104659-25-029225
Chunk: 135

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-28
Form: POS AM
Chunk 135
---
Q 2027      |     |          |    — |   |     |           | 2,004 |
| Canvas at                     
 Wildwood                      |     | Wildwood,          
 FL                 |     |          |   224 |     |              | 60.3 |     |           |  9.3 |     |              | 269,196 |     | 4Q 2026   |     | 4Q 2027      |     |          |    — |   |     |           | 1,937 |
| Total Development             
 Units                         |     |                    |     |          |   476 |     |              |      |     |           |      |     |              |         |     |           |     |              |     |          |      |   |     |           |       |
| Total                         
 Units/Average                 |     |                    |     |          | 1,634 |     |              |      |     |           |      |     |              |         |     |           |     |              |     |          |      |   |     | $         | 2,072 |

| (1) | Represents                                                                                                         
 the average pro forma effective monthly rent per occupied unit for all expected occupied units upon stabilization. |
| (2) | Chandler                                                                                                           
 commenced lease-up in June 2024.                                                                                   |
| (3) | Wayford                                                                                                            
 at Innovation Park commenced lease-up in August 2023.                                                              |
| (4) | None                                                                                                               
 of the development investments had commenced lease-up as of December 31, 2024.                                     |

Year ended December 31, 2024 as compared to the year ended December 31, 2023

Revenue

Rental and other property revenuesincreased $7.6 million, or 18%, to $48.6 million for the year ended December 31, 2024
as compared to $41.0 million for the same prior year period. The increase was primarily due to: (i) the acquisition of 294 units
at Villas at Huffmeister during the first quarter 2024, 200 units at Avenue at Timberlin Park during the third quarter 2024, 408 units
at Amira at Westly and 350 units at Allure at Southpark during the fourth quarter 2024, and (ii) rental rate improvement from our
active management and organic market rent growth. The