Company: BHM
Filing Date: 2025-08-13
Form Type: 424B3
Source: 0001104659-25-077615
Chunk: 17

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-08-13
Form: 424B3
Chunk 17
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 25, 2025.                                       
 Audited consolidated financial statements                                                                                           
 of Marble Capital Income and Impact Fund, LP and Subsidiaries as of and for the year ended December 31, 2023, and the notes related 
 thereto, and the Report of Deloitte & Touche LLP, Independent Auditors, dated April 26, 2024.                                       |
|:----|------------:|:------------------------------------------------------------------------------------------------------------------------------------|
|     |        99.3 | Unaudited consolidated financial                                                                                                    
 statements of Marble Capital Income and Impact Fund, LP and Subsidiaries as of March 31, 2025 and December 31, 2024, and for        
 the three months ended March 31, 2025 and 2024, and the notes related thereto.                                                      |

<div align='center'>BLUEROCK HOMES TRUST, INC.

UNAUDITED PRO FORMA CONDENSED CONSOLIDATED FINANCIAL STATEMENTS INFORMATION</div>

The following unaudited pro
forma condensed consolidated financial statements of Bluerock Homes Trust, Inc. (together with its consolidated subsidiaries, the
“Company,” “we,” “our” or “us”) should be read in conjunction with our historical audited
consolidated financial statements as of and for the year ended December 31, 2024, and as of and for the three months ended March 31,
2025 (unaudited), and the related notes thereto.

The unaudited pro forma condensed
consolidated balance sheet as of March 31, 2025, and the unaudited pro forma condensed consolidated statements of operations and
comprehensive income for the three months ended March 31, 2025 and the year ended December 31, 2024, have been prepared to provide
pro forma financial information with regard to the Company’s acquisition of a limited partnership interest (the “Marble Investment”)
in Marble Capital Income and Impact Fund, LP (the “Marble Fund”) on April 25, 2025.

The pro forma condensed consolidated
balance sheet at March 31, 2025 assumes that the Marble Investment occurred on March 31, 2025.

The pro forma condensed consolidated
statements of operations and comprehensive income for the three months ended March 31, 2025 and the year ended December 31,
2024 assume the transaction referred to above occurred on January 1, 2024.

Our pro