Company: BHM
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001410578-25-001149
Chunk: 18

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 3Q
Chunk 18
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Item 3. Quantitative and Qualitative Disclosures about Market Risk

We are exposed to interest rate risk primarily through borrowing activities. There is inherent roll-over risk for borrowings as they mature and are renewed at current market rates. The extent of this risk is not quantifiable or predictable because of the variability of future interest rates and our future financing requirements. We are not subject to foreign exchange rates or commodity price risk, and all our financial instruments were entered into for other than trading purposes.

Our interest rate risk is monitored using a variety of techniques. The table below ($ in thousands) presents the principal payments and the weighted average interest rates on outstanding debt, by year of expected maturity, to evaluate the expected cash flows and sensitivity to interest rate changes. Fair value adjustments and unamortized deferred financing costs, net, of approximately $(7.5) million are excluded. At March 31, 2025, the KeyBank Credit Facility had no outstanding balance.

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​​​​​​​​​​​​​​​​​​​​​​​​    2025    2026    2027    2028    2029    Thereafter    Total Mortgage Notes Payable​$ 1,417​$ 35,415​$ 24,107​$ 5,702​$ 80,450​$ 111,816​$ 258,907​Weighted Average Interest Rate​  3.97%    4.15%    7.04%    5.76%    5.12%    5.19%    5.20%​​​​​​​​​​​​​​​​​​​​​​​Amended DB Credit Facility​$ 85,000​$—​$—​$—​$—​$—​$ 85,000​Weighted Average Interest Rate​  7.12%   —​ —​ —​ —​ —​  7.12%

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The fair value of mortgages payable is estimated at $254.0 million at March 31, 2025.

The table above incorporates those exposures that exist at March 31, 2025; it does not consider those exposures or positions which could arise after that date. As a result, our ultimate realized gain or loss with respect to interest rate fluctuations will depend on the exposures that arise during the period and interest rates.

At March 31, 2025, we had interest rate caps