Company: BHM
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001104659-25-026164
Chunk: 146

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 146
---
 |
| Residential                           
 Communities                           | ​ | ​                     | ​ |         ​ | ​ |            ​ | ​ |         ​ | ​ | ​        |     ​ | ​ |         ​ | ​ |         ​ | ​ |
| Abode Wendell Fall (5)                | ​ | Wendell, NC           | ​ |       170 | ​ |            — | ​ |       100 | % | ​        |     — | ​ |         — | ​ |         — | ​ |
| Total Development                     
 Units                                 |   | ​                     | ​ |       170 |   |            ​ | ​ |           | ​ | ​        |     ​ |   |         ​ | ​ |         ​ | ​ |
| Total Units                           | ​ | ​                     | ​ |     3,453 | ​ |            ​ | ​ |         ​ | ​ | ​        |     ​ | ​ |         ​ | ​ |         ​ | ​ |

| (1) | Total                                                                                                                                 
 operating units includes an aggregate of 167 units classified as held for sale, with such units included in the following portfolios: 
 8 units of ILE, 37 units of Indy-Springfield, 32 units of Peak JV 2, and all 90 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 December 31, 
 2024.                                                                                                                                      |

| (3) | Percent                                                                                                                             
 occupied is calculated as (i) the number of units occupied as of December 31, 2024 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 December 31, 2024 divided by (ii) total number of units, expressed as 
 a percentage, and excludes 167 units classified as held for sale and an aggregate of 7 down/renovation units.                          |

66

Table of Contents

| (5) | Abode                                                                                     
 Wendell Falls is a build-to-rent development project that commenced construction in 2024. |

The following is a summary of our consolidated operational results by reportable segment for the years ended December 31, 2024 and 2023 ($ in thousands, except average rental rates):

| ​                             
 ​                             | ​ |