Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 162

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 162
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               | 30.2 |     |               |  8.3 |     |              | 368,293 |     | 4Q 2025   |     | 1Q 2026      |     |          |    — |   |           | 3,095 |
| River Ford                     |     | Brunswick, GA      |     |      170 |     |               | 51.6 |     |               | 10.6 |     |              | 303,529 |     | 4Q 2025   |     | 1Q 2027      |     |          |    — |   |           | 2,004 |
| Canvas at Wildwood             |     | Wildwood, FL       |     |      224 |     |               | 60.3 |     |               |  9.3 |     |              | 269,196 |     | 4Q 2026   |     | 4Q 2027      |     |          |    — |   |           | 1,937 |
| Total Development Units        |     |                    |     |      476 |     |               |      |     |               |      |     |              |         |     |           |     |              |     |          |      |   |           |       |
| Total Units/Average            |     |                    |     |    1,634 |     |               |      |     |               |      |     |              |         |     |           |     |              |     |          |      |   | $         | 2,072 |

| (1) | Represents the average pro forma effective monthly rent per occupied unit for all expected occupied units upon stabilization. |
| (2) | Chandler commenced lease-up in June 2024.                                                                                     |
| (3) | Wayford at Innovation Park commenced lease-up in August 2023.                                                                 |
| (4) | None of the development investments had commenced lease-up as of December 31, 2024.                                           |

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Our Target Markets

We focus on Knowledge/Quality
markets with strong job growth, expanding populations and favorable quality of life characteristics. These Knowledge/Quality markets are
typically non-gateway regions, with access to good healthcare, highly-rated school systems, lower crime rates, robust infrastructure,
good affordability and a growing economic base. They are generally anchored by