Company: BHM
Filing Date: 2025-08-13
Form Type: 424B3
Source: 0001104659-25-077615
Chunk: 20

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-08-13
Form: 424B3
Chunk 20
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             |     |     |    |     |           | 3,864,622 |   |
| Other comprehensive income                                 |     |             |           |   |     |             |     |     |    |     |           |           |   |
| Unrealized gain on available for sale investments          |     | $           |     1,524 |   |     | $           |   — |     |    |     | $         |     1,524 |   |
| Less unrealized gain attributable                          
 to Operating partnership units                             |     |             |    (1,053 | ) |     |             |   — |     |    |     |           |    (1,053 | ) |
| Other comprehensive income attributable to                 
 common stockholders                                        |     |             |       471 |   |     |             |   — |     |    |     |           |       471 |   |
| Comprehensive (loss) income attributable                   
 to noncontrolling interests                                |     |             |    (6,281 | ) |     |             | 207 |     |    |     |           |    (6,074 | ) |
| Comprehensive (loss) income attributable                   
 to common stockholders                                     |     | $           |    (2,058 | ) |     | $           |  93 |     |    |     | $         |    (1,965 | ) |

<div align='center'>See Notes to Unaudited Pro Forma Condensed Consolidated
Statement of Operations and Comprehensive Income

BLUEROCK HOMES TRUST, INC.

NOTES TO UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

FOR THE THREE MONTHS ENDED MARCH 31, 2025</div>

| (a) 
 (b) | Historical consolidated                                                                                                                     
 financial information derived from the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2025.                        
 Represents adjustments to the Company’s                                                                                                     
 historical operations to give effect to the Marble Investment on April 25, 2025 as if the investment had been made on January 1,            
 2024. Pro forma adjustments to the Company’s historical results for the three months ended March 31, 2025 include adjustments               
 to the following: income from unconsolidated real estate joint ventures and the operating partnership units’ interest.