Company: BHM
Filing Date: 2025-08-13
Form Type: 424B3
Source: 0001104659-25-077615
Chunk: 39

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-08-13
Form: 424B3
Chunk 39
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 at times may exceed federally insured limits. The Fund is subject to
credit risk to the extent any financial institution with which it conducts business is unable to fulfill contractual obligations on its
behalf. Management monitors the financial condition of such financial institutions and does not anticipate any losses from these counterparties.

The value of the Fund's investments
will go up and down, sometimes rapidly or unpredictably, based on the performance of the securities and investments owned by the fund
and other factors generally affecting the securities market. Market risks, including political, regulatory, economic and social developments,
can affect the value of the Fund's investments. Natural disasters, public health emergencies, terrorism, conflicts, and other unforeseeable
events may lead to increased market volatility and may have adverse long-term effects on world economies and markets generally.

11. Subsequent events

The General Partner has evaluated subsequent
events through April 25, 2025, the date these consolidated financial statements were available to be issued, and has determined that
no subsequent events warrant adjustment to or disclosure in these consolidated financial statements.

17

Exhibit 99.2

| MARBLE                                   
 CAPITAL INCOME AND IMPACT FUND, LP       |
| AND                                      
 SUBSIDIARIES                             |
| CONSOLIDATED                             
 FINANCIAL STATEMENTS                     |
| AND                                      |
| INDEPENDENT                              
 AUDITOR'S REPORT                         |
| AS                                       
 OF DECEMBER 31, 2023                     |
| AND                                      |
| FOR                                      
 THE PERIOD FROM JULY 26, 2023            |
| (COMMENCEMENT                            
 OF OPERATIONS) THROUGH DECEMBER 31, 2023 |

| Marble Capital Income & Impact Fund, LP                     
 TABLE OF CONTENTS                                           
 As of December 31, 2023 and for the period July 26,         
 2023 (commencement of operations) through December 31, 2023 |      |
|:------------------------------------------------------------|-----:|
| Independent Auditor's Report                                |  1-2 |
| Financial Statements                                        |      |
| Consolidated Statement of Assets and Liabilities            |    3 |
| Consolidated Statement of Operations                        |    4 |
| Consolidated Statement of Changes in Partners' Capital      |    5 |
| Consolidated Statement of Cash Flows                        |    6 |
| Consolidated Schedule of Investments                        |  7-8 |
| Notes to Consolidated Financial Statements                  | 9-15 |

INDEPENDENT AUD