Company: BHM
Filing Date: 2025-11-06
Form Type: 424B3
Source: 0001104659-25-107769
Chunk: 77

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-06
Form: 424B3
Chunk 77
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 contractual commitments to fund future cash obligations in certain of our preferred equity investments in the
aggregate of $23.2 million. In addition, we have two consolidated residential communities (Abode Wendell Falls and Harmony at Clear Creek)
under construction comprised of an aggregate of 358 units. As of September 30, 2025, we estimate that the remaining costs associated with
the completion of construction for these two residential communities will be approximately $121.4 million. We intend to finance these
costs through a combination of available cash, proceeds from construction loans, and preferred equity capital contributions.

As
equity capital market conditions permit, we may supplement our capital for short-term liquidity needs with proceeds of potential offerings
of our common and preferred stock, as well as the issuance of OP Units. Given the significant volatility in the trading price of REIT
equities and our otherwise stable financial condition and liquidity position, we cannot provide assurances that these offerings are a
likely source of capital to meet short-term liquidity needs.

On
February 13, 2024, our board of directors (the “Board”) authorized a stock repurchase plan for the repurchase of up to an
aggregate of $5 million of our outstanding shares of Class A common stock. The repurchase plan had a term of one year and ended in February
2025. We made no repurchases of our Class A common stock under the plan.

On
February 28, 2025, our Board authorized a new stock repurchase plan for the repurchase, from time to time, of up to an aggregate of $5
million of our outstanding shares of Class A common stock, with such repurchases to be conducted in accordance with the requirements of
Rule 10b-18 of the Exchange Act and subject to Rule 10b-5 of the Exchange Act. The repurchase plan has a term of one year and may be discontinued
at any time. The extent to which we repurchase shares of our Class A common stock under the repurchase plan, and the timing of any such
repurchases, depends on a variety of factors including general business and market conditions and other corporate considerations. We expect
that any repurchases of our Class A common stock will be through open market transactions, subject to market conditions, certain price
limitations and other conditions established under the plan. Open market repurchases will be structured to occur in conformity with the
method, timing, price and volume requirements of Rule 10b-18 of the Exchange Act.