Company: BHM
Filing Date: 2025-08-13
Form Type: 424B3
Source: 0001104659-25-077615
Chunk: 132

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-08-13
Form: 424B3
Chunk 132
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52

Table of Contents

Cash Flows from Financing Activities During the six months ended June 30, 2025, net cash provided by financing activities was $25.0 million, primarily due to the following:

| ● | $41.5                                                   
 million of contributions from noncontrolling interests; |

| ● | borrowings                             
 of $30.7 million on mortgages payable; |

| ● | net                                                                                    
 proceeds of $26.0 million from the issuance of shares of Series A Preferred Stock; and |

| ● | proceeds                                                                    
 of $20.0 million from borrowings on revolving credit facilities; offset by: |

| ● | $81.0                                                 
 million of repayments on revolving credit facilities; |

| ● | $4.1                                                          
 million of cash distributions paid to preferred stockholders; |

| ● | $4.0                                        
 million of repayments on mortgages payable; |

| ● | $1.7                                 
 million in deferred financing costs; |

| ● | $1.1                                                  
 million of distributions to noncontrolling interests; |

| ● | $0.5                                                                              
 million of distributions to partially owned properties’ noncontrolling interests; |

| ● | $0.5                                                           
 million of cash distributions paid to common stockholders; and |

| ● | $0.2                                                         
 million paid for the redemption of Series A Preferred Stock. |

Capital Expenditures The following table summarizes our total capital expenditures for the six months ended June 30, 2025 and 2024 (amounts in thousands):

| ​                                       | ​ |            ​ |     ​ | ​ |    ​ |     ​ |
| ​                                       | ​ |          Six 
 Months Ended |       |   |      |       |
| ​                                       | ​ |     June 30, |       |   |      |       |
| ​                                       |   |         2025 |       |   | 2024 |       |
| New development                         | ​ |            $ | 4,162 | ​ |    $ |   235 |
| Redevelopment/renovations               | ​ |            ​ | 2,950 | ​ |    ​ | 1,414 |
| Routine capital expenditures            | ​ |            ​ | 1,999 | ​ |    ​ | 1,867 |
| Normally recurring capital expenditures | ​ |            ​ |   438 | ​ |    ​ |   289 |
| Total capital expenditures              | ​