Company: BHM
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001104659-25-026164
Chunk: 21

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 21
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 is calculated as if the senior loan was entered into, and borrowings on the KeyBank Credit Facility were made, on January 1, 2023.   
 Interest expense also includes deferred financing costs which are recognized at acquisition and amortized using the straight-line method     
 over the remaining life of the senior loan. The senior loan balance assumed in the pro forma balance sheet is presented at fair value        
 less unamortized deferred financing costs.                                                                                                   |
| (f) | Earnings per share is calculated                                                                                                             
 in accordance with Accounting Standards Codification 260 – “Earnings per Share.” The historical earnings per share amounts                   
 are the amounts reported in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023.                                   |

<div align='center'>SIGNATURES</div>

Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto
duly authorized.

| DATE:  January 16, 2025 | BLUEROCK HOMES TRUST, INC. 
 By:                        | /s/ Christopher J. Vohs               |
|:------------------------|:---------------------------|:--------------------------------------|
|                         |                            | Christopher J. Vohs                   |
|                         |                            | Chief Financial Officer and Treasurer |

<div align='center'>Exhibit Index</div>

| Exhibit 
 No.     |     | Exhibit               |
| 23.1    |     | Consent of RSM US LLP |

Exhibit 23.1

<div align='center'>Consent of Independent Auditor</div>

We consent to the incorporation by reference in the Registration Statements (No. 333-267764
and No. 333-269415) on Form S-8 and S-11, respectively of Bluerock Homes Trust, Inc. (each, a “Registration Statement”), and
the accompanying prospectuses to each Registration Statement, of our report dated February 5, 2024, relating to the consolidated financial
statements of Amira JV LP and Subsidiary, appearing in this Current Report on Form 8-K/A.

/s/ RSM US LLP

Tampa, Florida

January 16, 2025

<div align='center'>1

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K/A