Company: BHM
Filing Date: 2025-11-18
Form Type: S-11/A
Source: 0001104659-25-113674
Chunk: 431

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-18
Form: S-11/A
Chunk 431
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ification agreements require, among other things, that we
indemnify such persons to the maximum extent permitted by law, and advance to such persons all related expenses, subject to reimbursement
if it is subsequently determined that indemnification is not permitted.

Item 35. Treatment of Proceeds from Stock Being Registered

None.

Item 36. Financial Statements and Exhibits

(a)Financial Statements. The following
financial statements are incorporated into the prospectus and this registration statement by reference:

| (1) | The                                                                                                                   
 audited consolidated financial statements of the company included in the company’s Annual Report on Form 10-K for the 
 year ended December 31, 2024, filed with the SEC on March 20, 2025.                                                   |

| (2) | The                                                                                                                    
 consolidated financial statements of the company included in the company’s Quarterly Report on Form 10-Q for the three 
 months ended March 31, 2025 filed with the SEC on May 9, 2025.                                                         |

| (3) | The                                                                                                                                 
 financial statements of real estate acquired for Villas at Huffmeister and pro forma financial information for the company included 
 in the company’s Current Report on Form 8-K, filed with the SEC on November 14, 2024.                                               |

| (4) | The                                                                                                                              
 audited consolidated financial statements for Amira JV LP and Subsidiary, financial statements of real estate acquired for Amira 
 at Westly, and pro forma financial information for the company included in the company’s Current Report on Form 8-K/A,           
 filed with the SEC on January 16, 2025.                                                                                          |

| (5) | The                                                                                                                               
 financial statements of real estate acquired for Allure at Southpark and pro forma financial information for the company included 
 in the company’s Current Report on Form 8-K/A, filed with the SEC on February 18, 2025.                                           |

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| (6) | The                                                                                                                                  
 financial statements of real estate acquired for Southern Pines Reserve and pro forma financial information for the company included 
 in the company’s Current Report on Form 8-K/A, filed with the SEC on July 1, 2025.                                                   |

| (7) | The                                                                                                                                      
 audited consolidated financial statements of business acquired for Marble Capital Income and Impact Fund, LP and Subsidiaries, unaudited 
 consolidated financial statements of