Company: BHM
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001104659-25-026164
Chunk: 179

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 179
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 cash equivalents and restricted cash                       | ​ |                    |          | ​ |   |         |
| Cash                                                                
 and cash equivalents                                                | ​ | $                  |  115,209 | ​ | $ |  80,163 |
| Restricted                                                          
 cash                                                                | ​ |                    |   16,032 | ​ |   |   6,221 |
| Total                                                               
 cash, cash equivalents and restricted cash, end of year             | ​ | $                  |  131,241 | ​ | $ |  86,384 |
| ​                                                                   | ​ | ​                  |        ​ | ​ | ​ |       ​ |
| Supplemental                                                        
 disclosure of cash flow information                                 | ​ |                    |          | ​ |   |         |
| Cash                                                                
 paid for interest (net of interest capitalized)                     | ​ | $                  |   11,581 | ​ | $ |   7,200 |
| ​                                                                   | ​ | ​                  |        ​ | ​ | ​ |       ​ |
| Supplemental                                                        
 disclosure of non-cash investing and financing activities           | ​ |                    |          | ​ |   |         |
| Conversion                                                          
 of note receivable to preferred equity investment                   | ​ | $                  |    7,800 | ​ | $ |       — |
| Distributions                                                       
 payable – declared and unpaid                                       | ​ | $                  |      617 | ​ | $ |  12,440 |
| Mortgage                                                            
 assumed upon property acquisition                                   | ​ | $                  |   24,333 | ​ | ​ |       — |
| Capital                                                             
 expenditures held in accounts payable and other accrued liabilities | ​ | $                  |      790 | ​ | $ |     238 |
| Right-of-use                                                        
 asset recognized                                                    | ​ | $                  |    5,058 | ​ | $ |       — |
| Lease                                                               
 liability recognized                                                | ​ | $                  |    4,969 | ​ | $ |       — |

See Notes to Consolidated Financial Statements

F-6

Table of Contents

#### BLUEROCK HOMES
TRUST, INC.

### NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS

#### Note 1 –
Organization and Nature of Business

Bluerock
Homes Trust, Inc. (the “Company” or “Bluerock Homes”) was incorporated as a Maryland corporation on December 16,
2021. The Company owns and operates