Company: BHM
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001104659-25-026164
Chunk: 147

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 147
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 ​ |   95.1 | % | ​ |   95.5 | % |      -40 | bps |
| Average occupancy percentage  
 (1)(2)                        | ​ |   |   91.7 | % |   |   91.8 | % |      -10 | bps |
| ​                             | ​ | ​ |      ​ | ​ | ​ |      ​ | ​ |        ​ | ​   |
| Scattered single-family homes | ​ | $ |  1,556 | ​ | $ |  1,487 | ​ |      4.6 | %   |
| Residential communities       | ​ | ​ |  1,815 | ​ | ​ |  1,939 | ​ |     -6.4 | %   |
| Average rental rate (2)(3)    | ​ | $ |  1,638 | ​ | $ |  1,569 | ​ |      4.4 | %   |

| (1) | Represents                                                                                                                              
 the average of the ending occupancy as of the last day of each month in the year presented for all units in our consolidated portfolio. |

| (2) | The                                                                                                              
 amount presented for 2024 includes Navigator Villas through July 2024. Navigator Villas was sold in August 2024. |

| (3) | Represents                                                                                                                 
 the average of the ending average effective rent per occupied unit as of the last day of each month in the year presented. |

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Table of Contents

The following is a summary of our preferred equity and loan investments as of December 31, 2024:

| ​                     
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 Lease-up              
 Investment Name       | ​ 
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 ​ 
 ​ 
 ​ | ​                  
 ​                  
 ​                  
 ​                  
 ​                  
 Location /         
 Market             | ​ 
 ​ 
 ​ 
 ​ 
 ​ |        ​ 
        ​ 
  Actual/ 
  Planned 
   Number 
 of Units | ​ 
 ​ 
 ​ 
 ​ 
 ​ | ​             
 Total Actual/ 
 Estimated     
 Construction  
 Cost          
 (in millions) |    ​ | ​ 
 ​ 
 ​ 
 ​ 
 ​ | ​             
 ​             
 ​             
 ​             
 Cost to Date  
 (in millions) |    ​ 
    ​ 
    ​ 
    ​ | ​ 
 ​ 
 ​ 
 ​ 
 ​ | ​             
 ​             
 Actual/       
 Estimated     
 Construction  
 Cost Per Unit |