Company: BHM
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001104659-25-026164
Chunk: 210

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 210
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6 million and $3.1 million for the years ended December 31, 2024 and 2023, respectively. Fair value adjustments of debt The Company records a fair value adjustment based upon the fair value of the loans on the date they were assumed in conjunction with acquisitions. The fair value adjustments are being amortized to interest expense over the remaining life of the loans. Amortization of fair value adjustments was $0.1 million of expense and $0.3 million of income for the years ended December 31, 2024 and 2023, respectively.

F-26

Table of Contents

Loss on Extinguishment of Debt and Debt Modification Costs Upon repayment of or in conjunction with a material change (i.e. a 10% or greater difference in the cash flows between instruments) in the terms of an underlying debt agreement, the Company writes-off any unamortized deferred financing costs and fair market value adjustments related to the original debt that was extinguished. Prepayment penalties incurred on the early repayment of debt and costs incurred in a debt modification that are not capitalized are also included within loss on extinguishment of debt and debt modification costs on the consolidated statements of operations and comprehensive income. The Company had $0.2 million of loss on extinguishment of debt costs and no debt modification costs for the year ended December 31, 2024. The Company had no loss on extinguishment of debt or debt modification costs during 2023. Debt maturities At December 31, 2024, contractual principal payments of the Company’s borrowings, including the revolving credit facilities (refer to Note 9 for further information), for the five subsequent years and thereafter are as follows (amounts in thousands):

| ​                                           
 Year                                        | ​ | ​     
 Total |       ​ |
|:--------------------------------------------|:--|:------|--------:|
| 2025                                        | ​ | $     | 122,871 |
| 2026                                        | ​ |       |  36,652 |
| 2027                                        | ​ |       |  24,107 |
| 2028                                        | ​ |       |   5,702 |
| 2029                                        | ​ | ​     |  80,450 |
| Thereafter                                  | ​ |       | 111,816 |
| ​                                           | ​ | $     | 381,598 |
| Add: Unamortized fair value debt adjustment | ​ |       |  -2,400