Company: BHM
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001104659-25-026164
Chunk: 8

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 8
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 and to carry on any other business which may further the interests as the owner of such property.
The Company has an indefinite term and shall continue until the Company is terminated or dissolved sooner, in accordance with the provisions
of its limited partnership agreement or by law. The Investor Partner I has a 59.9900% interest in the Company, the Electra Partner has
a 40.00% interest in the Company, Investor Partner II has a 0.0034% interest in the Company, Investor Partner III has a 0.0033% interest
in the Company and Investor Partner VI has a 0.0033% interest in the Company. Profit and losses are allocated, initially in accordance
with ownership interest, until certain hurdles are met and subsequently to each Partner based on special Partner allocations. Distributions
are calculated in accordance with the partnership agreement.

The Company’s activities are carried out
through its wholly owned subsidiary, Amira at Westly LP, acquired on July 18, 2019 doing business as “Amira at Westly”. Amira
at Westly is a residential rental property located in Tampa, Florida, originally built in 1999, that contains 360 apartment units.

| 2. | Significant Accounting Policies |

Basis of Presentation and Consolidation

The accompanying consolidated financial statements
have been prepared in accordance with accounting principles generally accepted in the United States (“US GAAP.”) The consolidated
financial statements include the accounts of all wholly-owned subsidiaries of the Company. All intercompany balances and transactions
have been eliminated.

Use of Estimates

The preparation of financial statements in conformity
with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure
of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses
during the reporting period. Actual results could differ from those estimates and assumptions.

Cash

The amount of cash on deposit in federally-insured
institutions is guaranteed up to $250,000 per depositor. The Company periodically has cash balances on deposit with a financial institution
in excess of federally-insured limits. The Company has not suffered any financial loss on these deposits and periodically reviews the
credit risk of the institution.

Restricted Cash

Restricted cash includes cash subject to certain
restrictions as required by the mortgage loan agreements for items such as reserves for real estate taxes, capital items and replacement
reserves. All restricted cash is held by the lender.

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