Company: BHM
Filing Date: 2025-11-06
Form Type: 424B3
Source: 0001104659-25-107769
Chunk: 67

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-06
Form: 424B3
Chunk 67
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| Harmony at Clear                        
 Creek                                   | ​ | Shawnee, KS           | ​ |       188 | ​ |          — | ​ |        85 | % | ​        |     — | ​ |         — | ​ |         — | ​ |
| Total                                   
 Development Units                       | ​ | ​                     | ​ |       358 | ​ |          ​ | ​ |         ​ | ​ | ​        |     ​ | ​ |         ​ | ​ |         ​ | ​ |
| Total                                   
 Units                                   | ​ | ​                     | ​ |     4,170 | ​ |          ​ | ​ |         ​ | ​ | ​        |     ​ | ​ |         ​ | ​ |         ​ | ​ |

| (1) | Total operating                                                                                                                       
 units includes an aggregate of 84 units classified as held for sale, with such units included in the following portfolios: 4 units of 
 Golden Pacific, 5 units of ILE, 23 units of Indy-Springfield, 10 units of Peak JV 2, and all 42 units of Peak JV 3.                   |

| (2) | Represents                                                                                                                              
 the average of the ending average effective rent per occupied unit as of the last day of each month in the three months ended September 
 30, 2025.                                                                                                                               |

| (3) | Percent occupied                                                                                                                             
 is calculated as (i) the number of units occupied as of September 30, 2025 divided by (ii) total number of units, expressed as a percentage. |

| (4) | Percent occupied                                                                                                                             
 is calculated as (i) the number of units occupied as of September 30, 2025 divided by (ii) total number of units, expressed as a percentage, 
 and excludes 84 units classified as held for sale and an aggregate of 10 down/renovation units.                                              |

| (5) | Amira at                                                                                                                                
 Westly is held through our DST Program (refer to Note 9 of our consolidated financial statements for further information). The Amira at 
 Westly DST has been fully subscribed with equity from individual investors.                                                             |

| (6) | Skytop Apartments                                            
 and Southern Pines Reserve are held through our DST Program. |

| (7) | Represents                                                                                                                                   
 build-to-rent development projects. Abode Wendell Falls commenced construction in 2024 and Harmony at Clear Creek is anticipated to commence 
 construction in 2026.