Company: BHM
Filing Date: 2025-11-06
Form Type: 424B3
Source: 0001104659-25-107769
Chunk: 8

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-06
Form: 424B3
Chunk 8
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udited pro
forma condensed consolidated financial statements of Bluerock Homes Trust, Inc. (together with its consolidated subsidiaries, the “Company,”
“we,” “our” or “us”) should be read in conjunction with our historical audited consolidated financial
statements as of and for the year ended December 31, 2024, and as of and for the six months ended June 30, 2025 (unaudited), and the related
notes thereto.

The unaudited pro forma condensed
consolidated balance sheet as of June 30, 2025, and the unaudited pro forma condensed consolidated statement of operations and comprehensive
income for the six months ended June 30, 2025, and the year ended December 31, 2024, have been prepared to provide pro forma financial
information with regard to the Company’s acquisition of Skytop Apartments (the “Property”) on September 29, 2025, which
the Company expects to consolidate.

The pro forma condensed consolidated
balance sheet at June 30, 2025 assumes that the Company’s acquisition of the Property occurred on June 30, 2025.

The pro forma condensed consolidated
statements of operations and comprehensive income assume the Company’s acquisition of the Property occurred on January 1, 2024.

Our pro forma financial information
is not necessarily indicative of what our actual financial position and results of operations would have been as of the date and for the
periods indicated, nor does it purport to represent our future financial position or results of operations.

All completed acquisitions
are accounted for as asset acquisitions. The purchase price was allocated to the acquired assets and assumed liabilities based on their
estimated fair values at the date of acquisition.

These unaudited pro forma
condensed consolidated financial statements are prepared for informational purposes only. In management’s opinion, all material
adjustments necessary to reflect the effects of the transaction referred to above have been made. Our unaudited pro forma condensed consolidated
financial statements are based on assumptions and estimates considered appropriate by the Company’s management. However, they are
not necessarily indicative of what our consolidated financial condition or results of operations would have been assuming the transaction
referred to above had occurred as of the dates indicated, nor do they purport to represent our consolidated financial position or results
of operations for future periods.

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

UNAUDITED PRO FORMA CONDENSED CONS