Company: BHM
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001104659-25-026164
Chunk: 198

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 198
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 real estate transactions. After deductions for the payoff of existing mortgage indebtedness encumbering the property in the amount of $19.5 million, the purchase price of the joint venture partner’s interest, the payment of early extinguishment of debt costs, and closing costs and fees, the sale of Navigator Villas generated net proceeds of approximately $12.7 million and a gain on sale of approximately $10.0 million. The Company recorded a loss on extinguishment of debt of $0.1 million related to the sale.

F-17

Table of Contents

Sale of Consolidated Operating Units

During
2023, the Company closed on the following sales: two units in the Golden Pacific portfolio, twelve units in the Peak JV 2 portfolio, and
thirty-nine units in the Peak JV 3 portfolio, pursuant to the terms and conditions of multiple separate purchase and sales agreements.
The fifty-three units were sold for an aggregate of approximately $9.5 million, subject to certain closing costs, prorations and
adjustments typical in such real estate transactions, and generated net proceeds of approximately $9.1 million and a gain on sales
of approximately $0.3 million.

During
2024, the Company closed on the following sales: four units in the ILE portfolio, eleven units in the Indy-Springfield portfolio, twenty-three
units in the Peak JV 2 portfolio, and sixty units in the Peak JV 3 portfolio, pursuant to the terms and conditions of multiple separate
purchase and sales agreements. The ninety-eight units were sold for an aggregate of approximately $15.3 million, subject to certain closing
costs, prorations and adjustments typical in such real estate transactions, and generated net proceeds of approximately $14.4 million
and a gain on sales of approximately $1.8 million.

Held for Sale

At
December 31, 2023, the Company classified an aggregate of 118 units as held for sale in its consolidated balance sheets, and for the year
ended December 31, 2023, the Company recorded an impairment of $1.3 million related to held for sale units which is included in gain on
sale and (impairment) of real estate investments, net in its consolidated statements of operations and comprehensive income. The 118 units
classified as held for sale are all reported in the Company’s scattered single-family homes segment and were included in the following
portfolios: 35 units of Indy-Springfield, 13 units