Company: BHM
Filing Date: 2025-11-18
Form Type: S-11/A
Source: 0001104659-25-113674
Chunk: 130

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-18
Form: S-11/A
Chunk 130
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 |     | $ |      293,825,000 |     |   83.95 | % |
| Acquisition expenses               |     | $ |       13,300,000 |     |    3.80 | % |
| Working capital reserve            |     | $ |        3,500,000 |     |    1.00 | % |
| Proceeds invested                  |     | $ |      310,625,000 |     |   88.75 | % |
| Offering expenses                  |     | $ |       39,375,000 |     |   11.25 | % |
| Total application of proceeds      |     | $ |      350,000,000 |     |  100.00 | % |

| (1) | Assumes selling                                                                                                                           
 commissions equal to 7.0% of gross offering proceeds and a placement fee of 3.0% of gross offering proceeds in the offering under         
 this prospectus. A portion of selling commissions and/or of the placement fee may be reallowed to participating broker-dealers. See       
 the “Plan of Distribution” section of this prospectus for a description of these commissions and fees. We or our affiliates               
 also may provide permissible forms of non-cash compensation to registered representatives of our dealer manager and the participating     
 broker-dealers, including gifts. In no event shall such gifts exceed an aggregate value of  $100 per annum per participating              
 salesperson, or be pre-conditioned on achievement of a sales target. The value of such items will be considered underwriting compensation 
 in connection with the offering, and the corresponding payments of the placement fee will be reduced by the aggregate value of such       
 items. The aggregate combined selling commissions, placement fee and such non-cash compensation for the offering will not exceed          
 FINRA’s 10.0% cap. Our dealer manager will repay to the company any excess payments made to our dealer manager over FINRA’s               
 10.0% cap if the offering is abruptly terminated before reaching the maximum amount of offering proceeds.                                 |

| (2) | Includes all                                                                                                                            
 expenses (other than selling commissions and the placement fee) to be paid by us or on our behalf in connection with the qualification  
 and registration of this offering and the marketing and distribution of shares of our Series B Redeemable Preferred Stock, including,   
 without limitation, expenses for printing and amending registration statements or supplementing prospectuses, mailing and distributing