Company: BHM
Filing Date: 2025-01-16
Form Type: 8-K/A
Source: 0001104659-25-004088
Chunk: 17

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-01-16
Form: 8-K/A
Chunk 17
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 have been incurred on the $56.7 million senior loan, which bears interest at a fixed rate of 4.81% and matures on November 1, 2034. Interest expense is calculated as if the senior loan was entered into 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. Interest expense does not include any amounts related to borrowings on the KeyBank Credit Facility as borrowings are assumed to have been made on January 1, 2023 and repaid in full one-year from the date of funding due to certain minimum paydown requirements per the terms of the KeyBank Credit Facility. The mortgage 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 Quarterly Report on Form 10-Q for the nine months ended September 30, 2024.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |

<div align='center'>BLUEROCK HOMES TRUST, INC.

UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS

FOR THE YEAR ENDED DECEMBER 31, 2023

(In thousands, except share and per share amounts)</div>

| Revenues                                                    |     | Bluerock Homes 
 Trust, Inc.    
 Historical     
 (a)            |           |   |     | Pro Forma       
 Adjustments     
 Amira at Westly 
 (b)             |        |   |    |     | Pro Forma 
 Total     |           |   |
|:------------------------------------------------------------|:----|:---------------|----------:|:--|:----|:----------------|-------:|:--|:---|:----|:----------|----------:|:--|
| Rental and other property revenues                          |     | $              |    40,999 |   |     | $               | 10,352 |   |    |     | $         |    51,351 |   |
| Interest income from loan investments                       |     |                |        94 |   |     |                 |      — |   |    |     |           |        94 |   |
| Total revenues                                              |     |