Company: BHM
Filing Date: 2025-07-08
Form Type: 8-K/A
Source: 0001104659-25-066350
Chunk: 6

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-07-08
Form: 8-K/A
Chunk 6
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     |    |     | $         |     1,524 |   |
| Less unrealized gain attributable to Operating partnership units     |     |                |    (1,053 | ) |     |             |   — |     |    |     |           |    (1,053 | ) |
| Other comprehensive income attributable to common stockholders       |     |                |       471 |   |     |             |   — |     |    |     |           |       471 |   |
| Comprehensive (loss) income attributable to noncontrolling interests |     |                |    (6,281 | ) |     |             | 207 |     |    |     |           |    (6,074 | ) |
| Comprehensive (loss) income attributable to common stockholders      |     | $              |    (2,058 | ) |     | $           |  93 |     |    |     | $         |    (1,965 | ) |

<div align='center'>See Notes to Unaudited Pro Forma Condensed Consolidated
Statement of Operations and Comprehensive Income

BLUEROCK HOMES TRUST, INC.

NOTES TO UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

FOR THE THREE MONTHS ENDED MARCH 31, 2025</div>

| (a) 
 (b) | Historical consolidated financial information derived from the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2025.                                                                                                                                                                                                                                                                                                          
 Represents adjustments to the Company’s historical operations to give effect to the Marble Investment on April 25, 2025 as if the investment had been made on January 1, 2024. Pro forma adjustments to the Company’s historical results for the three months ended March 31, 2025 include adjustments to the following: income from unconsolidated real estate joint ventures and the operating partnership units’ interest.                         |
|:----|:------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c) | Represents income from unconsolidated real estate joint ventures estimated to have been earned on the Marble Investment. Income from unconsolidated real estate joint ventures is calculated at 1.2% of the Company’s total $25 million investment and is based on historical distribution rates for an investor with similar limited partnership interests in the Marble Fund.                                                                       |
| (d)