Company: BHM
Filing Date: 2025-11-06
Form Type: 424B3
Source: 0001104659-25-107769
Chunk: 38

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-06
Form: 424B3
Chunk 38
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At September 30, 2025, the Company had interest rate caps and swaps which effectively limit the Company’s exposure to interest rate risk by providing a ceiling on the underlying interest rate for $100.8 million of the Company’s debt. The following table summarizes the Company’s derivative financial instruments at September 30, 2025 ($ in thousands):

| ​                      
 ​                      | ​ | ​                  
 Interest Rate Caps |            ​ | ​ | ​                   
 Interest Rate Swaps |           ​ |
|:-----------------------|:--|:-------------------|-------------:|:--|:--------------------|------------:|
| Notional balance       | ​ | $                  |      139,493 | ​ | $                   |      10,511 |
| Number of instruments  | ​ |                    |            3 | ​ |                     |           2 |
| Earliest maturity date | ​ |                    |     May 2026 | ​ |                     |  March 2026 |
| Latest maturity date   | ​ |                    | October 2027 | ​ |                     | August 2028 |

The table below presents the classification and fair value of the Company’s derivative financial instruments on its consolidated balance sheets at September 30, 2025 and December 31, 2024 (amounts in thousands):

| ​                          
 Derivatives not designated 
 as hedging                 | ​                     
 instruments under ASC 
 815-20                | ​                                                   
 ​                                                   | ​                      
 Balance Sheet Location | ​                                     
 Fair Values of Derivative Instruments |                  ​ 
 September 30, 2025 | ​ | ​ |                 ​ 
 December 31, 2024 |
|:---------------------------|:----------------------|:----------------------------------------------------|:-----------------------|:--------------------------------------|-------------------:|:--|:--|------------------:|
| Interest rate caps         |                       | Accounts receivable, prepaids and other assets, net | ​                      | $                                     |                970 | ​ | $ |               857 |
| Interest rate swaps        |                       | Accounts receivable, prepaids and other assets, net | ​                      |                                       |                 87 | ​ |   |               363 |

The table below presents the classification and effect of the Company’s derivative financial instruments on the consolidated statements of operations and comprehensive income for the three and nine months ended September 30, 2025 and 2024 (amounts in thousands):

| ​                          | ​ | ​                     | ​